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Investors & landlords
Thanks @ThomasM125 ! I have input it in this way, all set there.
One last question--my understanding is that in adjusting basis, net 1231 (box 10) gains will increase the basis, but unrecaptured 1250 gain (box 9c) should not be included in basis additions because it's just a character of net 1231 gains. Is the same true of long term capital gains (box 9a) that it should be ignored in basis addition? Or should I factor it in?
Also, was the prior assumption I have that box 9c (unrecaptured 1250 gain) be excluded as a basis addition?
Thank you!
‎April 14, 2020
4:17 PM