Tax2019Pay
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Thanks AbrahamT. The question is then, assuming the real sale is a passive activity, where and how to enter the selling a rental property with a net gain 165k, ...
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When one sells a rental property that followed a straight line 27.5 year depreciation schedule, the net gain should be reported on Form 4797 - it will likely be...
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Thanks.I have a follow up question about Pennsylvania Schedule D, line 1, column (e) Cost or adjusted basis of the property sold. Does Pennsylvania Tax Return r...
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MaryK4: Thanks for the answer. Just to clarify: What you are saying is that if there is no accelerated depreciation (like the person who was asking you the ques...
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Hi Abraham T:If as you said, rental property sale is considered as passive activity, does it mean the gain from the rental property sale is considered as passiv...
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- Posted Re: How to handle rental property sale again stock losses and K-1 passive losses correctly? on Get your taxes done using TurboTax. April 4, 2023 7:05 AM
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- Posted Re: Can Losses from K-1 (passive investment in apartment communities) offset gain from sale of rental property? on Get your taxes done using TurboTax. April 3, 2023 11:27 PM
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- Posted MACR rental property depreciation on Get your taxes done using TurboTax. April 2, 2023 11:24 AM
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- Posted Sale of rental property, passive losses and stock losses - how to handle them in correct sequence on Get your taxes done using TurboTax. April 1, 2023 9:00 AM