Sportsguy
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If your father passed away in 2015, you could simply enter the acquisition date of the house as the date of death (which is the date the (now irrevocable) trust...
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You may have not indicated in the program that the house was "inherited" (i.e., that it was acquired from a decedent) and hence the holding period was long-term...
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neither,each Trust owned 50% of the house, mother was never sole owner. TT would never know the difference, as it doesn't ask the question.Check to make sure th...
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The issue is a cloud software coding issue. I went back and entered some mortgage information manually, and removed the mortgage information from the Schedule E...
Activity Feed for Sportsguy
- Posted Re: Business 1041 Trust Home Sale not treated as Capital Gains on Business & farm. yesterday
- Posted Re: Business 1041 Trust Home Sale not treated as Capital Gains on Business & farm. yesterday
- Posted Re: Business 1041 Trust Home Sale not treated as Capital Gains on Business & farm. yesterday
- Posted Business 1041 Trust Home Sale not treated as Capital Gains on Business & farm. yesterday
- Posted Re: Online version cannot open up form to correct on Get your taxes done using TurboTax. July 13, 2020 3:19 PM
- Posted Online version cannot open up form to correct on Get your taxes done using TurboTax. July 13, 2020 4:30 AM