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Investors & landlords
If America was like other countries - I'm personally familiar with Australia and Portugal - the IRS would issue its own software that everyone would use but as I understand it, the tax preparation software industry bribed - sorry, made campaign contributions to - members of Congress to pass a law that prohibits the IRS from doing that.
Since the rental property in question is outside America, I had to find the exchange rate for the date we bought it in 1991 and I have to try and remember what I previously guessed the land value to be separate from the house that sits on it.
‎April 5, 2022
6:43 PM