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Investors & landlords
@Carl In reality TT needs to account for this.....all they need to do is add a section to portion out the land under "Sale of Business Property" portal exactly how it is in the schedule E how they have structure and land. Without that they simply are not doing it right. Freaking intuit......I need to call the software engineers at intuit and have a conversation it would be pretty straight forward. As for my schedule E I think IRS does not want you double dipping on the rental expenses either make then "rental expenses" and put them on schedule E or make them "Cost to sell" and put them on 4797. You cannot take them in both places that is why they have that rule about not taking them unless you have it listed for rent. Either way they are eligible expenses in my opinion it just depends on who interprets Pub 527. Ok I am just going to stick to buying stocks from now on this hurts my head and eats to much time up.