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Business & farm
You are supposed to check the box that the business percentage varied (assuming it actually did vary) and report it the way I told you.
Even if your tax return shows a gain of $90 and $10, it is unlikely it is correct. It should all be depreciation recapture, but the splitting of it seems that it is treating part as depreciation recapture and part as long-term capital gain (which is wrong).
‎February 26, 2024
6:11 PM