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Hello all, Bought a house in 2001 lives there until 2007.In 2007 we bought another house and kept renting the first one out.Been using turbo tax to track this original property since we turned it into a rental. At that time (2007) TT asked for all th... read more
shade ‎Posted yesterday | Latest post 37m ago by AmyC
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We bought a plot of land with the thought of building a retirement home on it. We have changed plans and are now thinking of selling the land. Would we report the gain or loss as investment income?
JohnN_NC ‎Posted an hour ago | Latest post 51m ago by MinhT1
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TurboTax comment explains that the investment tax credit exceeds the business income limitation and shows -$5000 for business income which is the start up costs deducted. The rental income from the commercial property with the new roof generated 5x t... read more
kwanfam1 ‎Posted Monday | Latest post an hour ago by kwanfam1
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jackietouchet24 ‎Posted yesterday | Latest post an hour ago by AmyC
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I received a 1099-R for a distribution from a Life Settlement investment. The amount is for the full distribution, but I can't find how to show the cost basis for the investment.
jdroll ‎Posted 2 hours ago | Latest post 2 hours ago by JulieS
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