Form 6252 adds the value of the land to the selling price to get the incorrect selling price. As of 2/19/2021 this form is still being programmed by TurboTax.
You can enter a 1099-NEC instead of a 1099-Misc. TurboTax asks you which you are using. They are treated the same. I entered a 1099-NEC this year and a 1099-Mis...
The IRS did consider allowing this, but it is considered a home improvement. You can use it to increase your basis when you sell your rental property and reduce...
