paforeleft
Level 2
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"So if you qualify to take the SEC179 deduction on your commercial real estate and actually take it, then you are effectively reducing your cost basis in the pr...
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Thank you for the reply,I believe section 179 applies as real estate is my sole source of income and myself or my agent work put a lot of effort into it. The pr...
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Thank you for the reply,line 2 = $16,685line 11= 0
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Thank you for the response.Yes i believe that the rental property rises to the level of a business due to the managing, leasing and maintaining of it. Turbo tax...
Activity Feed for paforeleft
- Posted Re: Problem with Section 179 and Turbotax on Deductions & credits. August 19, 2020 8:07 AM
- Posted Re: Problem with Section 179 and Turbotax on Deductions & credits. August 19, 2020 7:50 AM
- Posted Re: Problem with Section 179 and Turbotax on Deductions & credits. August 19, 2020 7:41 AM
- Posted Re: Problem with Section 179 and Turbotax on Deductions & credits. August 19, 2020 7:39 AM
- Posted Problem with Section 179 and Turbotax on Deductions & credits. August 18, 2020 6:19 PM
- Posted Aggregate mistake on Investors & landlords. March 14, 2020 1:43 PM
- Cheered Re: Aggregation of properties for sidjain78. March 14, 2020 1:09 PM
- Cheered Re: Aggregation of properties for al g. March 11, 2020 5:59 PM
- Posted Tax Year Prior to 2020: Section 179 Depreciation on Investors & landlords. March 10, 2020 11:22 AM
- Posted Question about filing single versus married filing separately. In TT I owe more filing MFS vs single, no other differences. Soon to be ex make no income. Is TT in error? on Get your taxes done using TurboTax. June 1, 2019 1:37 PM