DC
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Even though there was no gain, I received two 1099s for the property sales from the escrow company. This was $1.2M in gross sale proceeds. My thought was that t...
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Yes, the capital gains (loss actually) does track to my K-1. You are saying that I "may report" the distribution of corpus. That sounds optional. Must I report ...
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Yes, that is my goal. I'm not clear on the "disposition of the asset (building." I think my problem begins when answering the step by step question asking if I ...
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I am completing a Schedule E for the two months of rental income and expense, during the period following my mother's death until the time the property was tran...
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Thank you.The trust became irrevocable on Feb 15 and will be closed this year.I am filing a 1041 short and final return.The trust itself sold two properties, bo...
Activity Feed for DC
- Posted Re: Reporting Distribution of Corpus on 1041 on Business & farm. February 1, 2022 12:56 PM
- Posted Re: Reporting Distribution of Corpus on 1041 on Business & farm. February 1, 2022 12:39 PM
- Posted Reporting Distribution of Corpus on 1041 on Business & farm. February 1, 2022 10:06 AM
- Posted Re: Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 30, 2022 10:26 AM
- Posted Re: Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 29, 2022 8:11 PM
- Posted Re: Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 27, 2022 8:38 PM
- Posted Re: Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 27, 2022 5:58 PM
- Posted Re: Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 27, 2022 11:53 AM
- Posted Rental Property Depreciation during 2 Month Ownership by Trust? on Deductions & credits. January 25, 2022 5:19 PM
- Posted Re: Can a Trust use the Alternate Valuation Date when selling property? on Get your taxes done using TurboTax. January 20, 2022 10:53 AM
- Posted Re: Is the Value of Inherited Home reported as a Trust Distribution on 1041? on Get your taxes done using TurboTax. January 20, 2022 10:47 AM
- Posted Can a Trust use the Alternate Valuation Date when selling property? on Get your taxes done using TurboTax. January 19, 2022 7:34 PM
- Posted Is the Value of Inherited Home reported as a Trust Distribution on 1041? on Get your taxes done using TurboTax. January 19, 2022 7:29 PM
- Posted Thanks very much on Investors & landlords. June 5, 2019 11:14 PM
- Posted Yes, that makes sense now. I continue the 1/3 of the roo... on Investors & landlords. June 5, 2019 11:14 PM
- Posted Thank you. More specifically.... Property was three unre... on Investors & landlords. June 5, 2019 11:14 PM
- Posted Rental property has new FMV due to death of joint tenant. Is the depreciation on Capital Improvements made during the years then stopped? on Investors & landlords. June 5, 2019 11:14 PM
- Posted To clarify -- Continue my current depreciation schedule... on Investors & landlords. June 4, 2019 6:36 PM
- Posted Should I continue the original depreciation schedule on my share of rental property and then start new schedule inherited step up portion; thus two schedules? on Investors & landlords. June 4, 2019 6:35 PM