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Investors & landlords
@pixelrogue1 wrote:
Then, to confirm, I need to dig through all the years to calculate improvements and enter that grand total into that field?
Yes, unfortunately that is the case. Further, since this is a rental, you need to factor depreciation deductions taken (allowed or allowable).
Quite frankly, this is pretty much what professional income tax preparers have to do for clients with a 1031 exchange.
March 22, 2020
10:42 AM