FerdousR
Level 2
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@Opus 17: thanks for the clarification. Yes, I understood that I can only consider mortgage interest of 100K deductible only after 100K (or more) is spent on ho...
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What's the time limit by which I would have to use the cash amount in qualified home improvement? Say I receive 100K from cash out refinance on July 1, 2020. Wi...
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Hello.My K-1 has box1 (ordinary income) and box 2 (real estate rental income). I also have Section 199A (Code Z), which has "section 199A unadjusted basis" item...
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Hi@JamesG1.For my second 1065 case; I do not have two separate UBIA (like your example), rather have 1 unadjusted basis number in 199A section. Do I enter same ...
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Hi@JamesG1.In my K1, I do not have 20Z split by box1, box2. There is only 1 item in 20z. However, you have a good hint there. 20Z line has description "Ordinary...
Activity Feed for FerdousR
- Cheered Re: Cash Out Refinance for Opus 17. May 10, 2021 12:51 PM
- Posted Re: Cash Out Refinance on Deductions & credits. May 9, 2021 1:19 PM
- Cheered Re: Cash Out Refinance for Opus 17. May 9, 2021 1:13 PM
- Cheered Re: Entering multiple 1098s due to a refinance is incorrectly triggering the $750,000 principal l... for Anonymous. May 9, 2021 9:34 AM
- Cheered Entering multiple 1098s due to a refinance is incorrectly triggering the $750,000 principal limit on home loan interest deductions. for andrewnagel. May 9, 2021 9:30 AM
- Cheered Re: Cash our refinance tax deduction for DavidD66. May 9, 2021 9:19 AM
- Posted Re: Cash Out Refinance on Deductions & credits. May 9, 2021 9:14 AM
- Cheered Yes, it refers to the entire history of the loan. So you... for Vanessa. May 8, 2021 7:43 PM
- Cheered Re: This is VERY helpful. The key is any new loan must subst... for VictoriaD75. May 8, 2021 7:43 PM
- Cheered Bug in Software? Full mortgage interest deduction not be calculated when entering multiple mortgage lenders. for Gigs_MD. May 8, 2021 7:11 PM
- Cheered On our K-1 we have We have section 199A information (Ordinary Income, W-2 Wages and Unadjusted Basis). Where do these amounts get entered? for markf2. April 20, 2021 10:54 PM
- Posted Re: unadjusted basis of assets on Deductions & credits. April 20, 2021 10:53 PM
- Cheered Re: unadjusted basis of assets for Critter. April 20, 2021 10:53 PM
- Posted Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A on Business & farm. April 18, 2021 10:43 PM
- Posted Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A on Business & farm. April 15, 2021 6:43 PM
- Cheered Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A for JamesG1. April 15, 2021 6:28 PM
- Posted Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A on Business & farm. April 14, 2021 7:11 PM
- Posted Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A on Business & farm. April 13, 2021 8:31 AM
- Cheered Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A for Mike9241. April 13, 2021 8:29 AM
- Posted Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A on Business & farm. April 12, 2021 10:56 PM