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Investors & landlords
From the On-Demand Tax Guidance under Dispositions on the Asset Worksheet: "The applicable percentage should always be 100% except for certain low-income rental housing described in IRC Section 1250(a)(1)(B). "
You can read a full discussion of Line 27 by right-clicking the yellow box for Line 27b and choosing "About 1250 Applicable Percentage."
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‎February 25, 2024
11:47 AM