@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...
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...
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...
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 ...
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...