geoff2
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Thank you, TurboTaxAnita.How would this be handled for my 2018 tax return?Do I carry two assets into all future returns?
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I'm not sure that I understand.It's the same commercial property, with a step up in basis during the year.If the depreciation based on the new basis is added to...
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Thank you for the response.I hit on that approach right after posting the question — good to know I was on the right track.However, since the new depreciation i...
Activity Feed for geoff2
- Posted Thank you, TurboTaxAnita. How would this be handled for... on Investors & landlords. June 1, 2019 11:25 AM
- Posted I'm not sure that I understand. It's the same commercial... on Investors & landlords. June 1, 2019 11:25 AM
- Posted Thank you for the response. I hit on that approach right... on Investors & landlords. June 1, 2019 11:25 AM
- Posted How do I show step up in basis on commercial rental property? CPA showed me where to enter information on Form 4562, but I cannot seem to force the entries in Turbo Tax. on Investors & landlords. June 1, 2019 11:25 AM