awaynenichols
Returning Member
Member profile
- Replies
- Posts
-
Hi Rick,Thanks for the help. I think I understand the basis calculation that gets reported on the K-1s, effectively becoming the remaining partner capital accou...
-
Yes I agree. The LLC was formed for one rental property only, and we have been in an awkward position of the annual rent not being enough to really justify what...
-
Thanks Martin, I'll do that. It seems like in kind distributions would be common enough that turbotax would have a prompt for it.
Activity Feed for awaynenichols
- Posted Re: How to dispose of rental property that was distributed in kind to partners on Business & farm. January 31, 2022 6:36 AM
- Posted Re: How to dispose of rental property that was distributed in kind to partners on Business & farm. January 31, 2022 6:30 AM
- Posted Re: How to dispose of rental property that was distributed in kind to partners on Business & farm. January 31, 2022 6:29 AM
- Posted How to dispose of rental property that was distributed in kind to partners on Business & farm. January 29, 2022 12:53 PM
- Posted How do I record mortgage interest deductions on partner's personal loans for a rental property moved into a partnership LLC? on Business & farm. June 5, 2019 11:30 PM