How do you figure its best in the long run?
1) If you initially paid $300K and sell at $600K (without considering recapture) than you have a gain of $300K
2) If you have property conversion at $400K and sell at $600K that is a gain of $200K
(in my book that is an increase of $100K more ?)
3 ) Secondly MACRS at 27.5 would be less with the smaller amount vs the new amount during converstion.
4) and where do you see on Asset Entry Worksheet the opportunity to add both prices
line 4.enter total cost when asset was acquired ? so asset was acquired in 2015 at a LOW PRICe.
where do you see the FMV at conversion what line???
Mjb
