About FerdousR

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Re: Cash Out Refinance

@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...

FerdousR

1

Updated Oct 28, 2021
Re: Cash Out Refinance

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...

FerdousR

5

Updated Oct 28, 2021
Re: unadjusted basis of assets

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...

FerdousR

Updated Apr 20, 2021
Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A

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 ...

FerdousR

Updated Apr 18, 2021
Re: Schedule K-1 contains line item 1, 2, and 20 (Z) Section 199A

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...

FerdousR

Updated Apr 18, 2021

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Date Registered	‎March 28, 2020 1:46 PM
Date Last Visited	‎March 3, 2024 1:30 PM
Total Messages Posted	8

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