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Investors & landlords
Close but no cigar. Here is how I fixed it, with TT phone support:
Desktop TT Home and Business
Business
Less Common Business Situations
Sale of Business Property. Then...
Gain? NO
Loss.... YES
Select from drop-down list: "Section 1244 Property" Hooray!!
Fill in date acquired, "sold" = bankrupt date. Received: $0. No depreciation.
Seems to work!!
March 6, 2024
3:53 PM