banerjee_raja
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Thanks Coleen, So say I bought at 320K and FMV was 230K at conversion. I have taken 41K of depreciation.Now if I sell at 280K net is it profit or loss ? ( basis...
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That helped a lot. Now that I have assigned the property as rental for the entire 2016 I can see that the sheet 8852 is showing a loss carryover . I will be sen...
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Thanks KerriP, This is a condo. No land associated.Please take a look at the following links and let me know if I can apply it in this case<a rel="nofollow" tar...
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I dont see the option in Turbotax premier. Do I need to use any other higher version?
Activity Feed for banerjee_raja
- Posted Thanks Coleen, So say I bought at 320K and FMV was 230K a... on Investors & landlords. June 6, 2019 10:53 AM
- Posted Basis on conversion of home to rental when sale >FMV on Investors & landlords. June 6, 2019 10:53 AM
- Posted That helped a lot. Now that I have assigned the property... on Investors & landlords. June 4, 2019 11:12 PM
- Posted Why is the depreciation on a rental property not fully taken on Investors & landlords. June 4, 2019 11:12 PM
- Posted Thanks KerriP, This is a condo. No land associated. Plea... on Investors & landlords. June 4, 2019 12:37 PM
- Posted What is the basis for sale of rental property if the FMV at conversion(233K) was below the purchase price? Purchased home at 318K and we lived in it initially. on Investors & landlords. June 4, 2019 12:37 PM
- Posted I dont see the option in Turbotax premier. Do I need to u... on Investors & landlords. June 1, 2019 11:43 AM
- Posted How do I modify the passive loss carryover for rental property? on Investors & landlords. June 1, 2019 11:43 AM
- Posted Huge bill after Test scenario for sale of rental property on Investors & landlords. June 1, 2019 10:35 AM