AmeliesUncle, Thanks again. I really appreciate your insights. One other question: Would it be possible to somehow handle this as a partial asset disposition?Ed...
AmeliesUncle Thanks. That makes sense as far as correctly calculating this year's depreciation and adjusted basis. Very clever of you.What are the odds that a m...
AmeliesUncle, I don't think that is the proper way. IRS Pub. 946 says to:1. Reduce the current adjusted basis, in my case $$20,958 by the $3,000 excess reimburs...
Thank you Carl. Yes, I am aware of the difference between repair and improvement. If I expense the repairs I think I will need to reduce the basis by the entire...
