HSC1
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Thank you! I think I was getting confused because it has a cost basis, which makes sense because it wasn't converted during the calendar year.
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Fair enough, but even if I take out July, my calculations don't come anywhere near the $1070.That just changes the percentage to 41, so I get:(136564 * 0.41) * ...
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I have a follow-up question on how TT is calculating the depreciation.I used the house as a rental for 47% of the year.The cost net of land is $136,564. When I ...
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Thanks for the great reply!Does anybody have any tips on how to know what the FMV would have been?My appraisal for when I bought the house in 2010 doesn't break...
Activity Feed for HSC1
- Got Cheered for I forgot to do the Roth backdoor conversion during the calendar year - how do I avoid paying tax?. February 17, 2024 4:08 AM
- Posted Can I deduct medical equipment donations that was paid for by insurance? on Deductions & credits. April 2, 2023 2:01 PM
- Posted Re: I forgot to do the Roth backdoor conversion during the calendar year - how do I avoid paying ... on Deductions & credits. April 2, 2023 1:57 PM
- Posted I forgot to do the Roth backdoor conversion during the calendar year - how do I avoid paying tax? on Deductions & credits. April 2, 2023 11:36 AM
- Posted Fair enough, but even if I take out July, my calculations... on Investors & landlords. June 5, 2019 10:17 PM
- Posted I have a follow-up question on how TT is calculating the... on Investors & landlords. June 5, 2019 10:17 PM
- Posted Thanks for the great reply! Does anybody have any tips o... on Investors & landlords. June 5, 2019 10:17 PM
- Posted For depreciation on my rental property, do I use the assessed value the year we bought the house or the year we converted it to a rental? on Investors & landlords. June 5, 2019 10:17 PM
- Posted Renters broke their lease, what do I enter for time rented? on Investors & landlords. June 1, 2019 7:43 AM