If you own your home for 20 years, you're just supposed to remember that you had all these costs? Why wouldn't they be entered into TT now so they aren't forgot...
But how will next year's taxes reflect those costs if I don't enter them now? I'm just supposed to remember every little expense across multiple rental properti...
@ReneeM7122wrote:You do not have to amend a tax return if you are missing form 8606. As long as there is no change to any tax due,according to the IRS, What tax...
@DaveF1006wrote:What kind of investment property is it?? Also, did you pay any closing costs in 2020 or is all your closing costs factored into your payments?It...