palbert1
Level 2
Member profile
- Replies
- Posts
-
That's what he did. Thank you for your help. We really appreciate it!Paul Albert
-
Hello and Thank You for your response yesterday.$70,388 was the adjusted basis with depreciation taken as reported on our Form 709.
-
Thank you ThomasM125. Your suggestion worked great.We have another question. Regarding Form 709 (not supported by TurboTax software), we gifted our son resident...
-
Thanks so much for your answer. We know we're not required to complete Schedule L but Line 21 (Partner's Capital Accounts) and Schedule M-2, Line 9 are our QA c...
-
Yes, we sold a residential rental home that was the sole asset of an Florida LLC with husband and wife as only members.
Activity Feed for palbert1
- Posted Re: Sale of a Gift on Investors & landlords. October 25, 2024 9:36 AM
- Got Cheered for Re: Sale of a Gift. October 25, 2024 9:36 AM
- Posted Re: Sale of a Gift on Investors & landlords. October 25, 2024 7:36 AM
- Posted Sale of a Gift on Investors & landlords. October 24, 2024 6:20 PM
- Posted Beneficiary Roth IRA Distribution on Retirement tax questions. July 16, 2024 7:21 AM
- Posted Gift Tax Form 709 - Donee Basis on Investors & landlords. March 8, 2023 8:33 AM
- Posted Re: Schedule E Error Check in TurboTax Premier on Investors & landlords. March 8, 2023 8:22 AM
- Posted Schedule E Error Check in TurboTax Premier on Investors & landlords. March 6, 2023 5:53 PM
- Posted Distrubiting all assets of a LLC to one of the Partners on Investors & landlords. February 16, 2023 2:56 PM
- Posted Residential Rental Reporting on Form 1065 K-1 and Form 1040 Schedule D on Investors & landlords. February 27, 2022 7:29 AM
- Cheered Re: Rental Appliance Depreciation Calculation for ColeenD3. February 14, 2022 8:45 AM
- Posted Rental Appliance Depreciation Calculation on Investors & landlords. February 14, 2022 7:45 AM
- Posted Re: Form1065 Mortgage entry? on Investors & landlords. January 30, 2022 4:51 PM
- Posted Form1065 Mortgage entry? on Investors & landlords. January 30, 2022 1:48 PM
- Posted Re: Unrecaptured Section 1250 Gain on Investors & landlords. June 1, 2021 6:20 AM
- Posted Unrecaptured Section 1250 Gain on Investors & landlords. May 18, 2021 8:08 AM
- Posted 1031 Exchange Deferred Gain to be reported on California non-resident return on Investors & landlords. April 5, 2021 2:54 PM
- Posted Sale of Rental House as only asset in a husband & wife LLC with input into our 1040 on Get your taxes done using TurboTax. March 31, 2021 7:42 AM
- Posted For Partnership Form 1065, Schedule M-2, Partners Capital Accounts: We (husband & wife) contributed property, a rental house with a mortgage. It the contributed amount the cost basis minus the mortgage loan amount? on Investors & landlords. February 22, 2021 7:14 PM