mbardshore
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aha! this 8824 was filed with my tax return 20 years when I sold the first building.Okay got it. It makes sense Thanks
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iappreciate people trying to help but if you don't understand the question it does help for you toanswerIt's nota question of not tracking my basis . The things...
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the issue is that Iam selling the second building . I did not pay capital gains 20 yearsago when I bought the first building because of the 1031 exchange but no...
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i know what equity meansI'maskingabout the 1031 exchangeagreement that was created when I rolled over the equity from one property to the next
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thanks.Not the answer I wanted to hear of course but it was the answer that I thought I would get Thanks for confirming
Activity Feed for mbardshore
- Posted Re: what is relinquished property equity on a 1031 exchange on Investing. ‎September 15, 2020 11:07 PM
- Posted Re: what is relinquished property equity on a 1031 exchange on Investing. ‎September 15, 2020 1:07 PM
- Posted Re: what is relinquished property equity on a 1031 exchange on Investing. ‎September 15, 2020 4:31 AM
- Posted Re: what is relinquished property equity on a 1031 exchange on Investing. ‎September 14, 2020 8:46 PM
- Posted what is relinquished property equity on a 1031 exchange on Investing. ‎September 14, 2020 6:32 PM
- Posted thanks. Not the answer I wanted to hear of course but it... on Investors & landlords. ‎June 6, 2019 1:01 AM
- Posted I installed a new boiler in a rental property last year for $14,000. I am selling the building and prefer to expense this not depreciate it. Is this an option? on Investors & landlords. ‎June 6, 2019 1:01 AM
- Posted okay thanks on Investors & landlords. ‎June 4, 2019 4:09 PM
- Posted When adjusting basis for capital gains calulcation on rental property, do improvements need to have been depreciated? on Investors & landlords. ‎June 4, 2019 4:09 PM
- Posted it makes sense. I've owned the building 27 years Big ga... on Investors & landlords. ‎June 1, 2019 9:53 AM
- Posted sorry to be a bother here but this is the confusing part"... on Investors & landlords. ‎June 1, 2019 9:53 AM
- Posted thanks This makes sense. I have owned the property for... on Investors & landlords. ‎June 1, 2019 9:53 AM