CSeisert
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And if the gain is calculated incorrectly, then the basis for the next property is wrong before beginning depreciation.I'm trying to use the same form for a con...
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Thank you, I was beginning to suspect this. Just thought if I could get advice on which form to use, (based on the situation I described) someone would have don...
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Thank you, the link does confirm that our gain can be postponed. Nowhere do I see what tax form to use. Pub 544 refers to Form 4797 & Form 8949, and 12 more. It...
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hmm, I just thought we would have no depreciation , between the date of condemnation of the first property, and the purchase of the replacement. But so far, I'm...
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PUB 544, not 244. oops
Activity Feed for CSeisert
- Posted Re: Using Home & Business. Form 1033 (a)(2)(A) Election to Defer Gain on Involuntary Conversion seems to calc Realized Gain incorrectly. Cost of Replacement Property ignored, on Get your taxes done using TurboTax. October 11, 2020 3:30 PM
- Posted Re: Which form to report replacement of condemned rental? on Investors & landlords. October 11, 2020 12:02 PM
- Posted Re: Which form to report replacement of condemned rental? on Investors & landlords. October 11, 2020 11:57 AM
- Posted Re: Which form to report replacement of condemned rental? on Investors & landlords. October 11, 2020 11:45 AM
- Posted Re: Which form to report replacement of condemned rental? on Investors & landlords. October 10, 2020 10:09 AM
- Posted Which form to report replacement of condemned rental? on Investors & landlords. October 10, 2020 10:02 AM