- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Followed your recommendation, but the sequence you recommended doesn't seem to be happening on my desktop TT Home & Biz on my Mac.
After I click on 'item is sold', disposition information with the dates, goes to 'special handling' which you have a few clicks later.
If I click 'yes' it tells me my depreciation for the year and then takes me back to the main deprecation page. If I click 'no' then it asks for sale price, etc. So you saying click 'yes' doesn't get to sales price, etc. so not sure what to do here.
AND if I follow through on the 'no' it still seems to raise my tax bill substantially even though I do the 1031 like kind section. So something still not working as also tells me 'no taxable gain' but 'deferred gain' that will go against the new property, yet I'm being taxed someplace in TT for this.