SRI64
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Phew, momentary laps.😳 Thanks for the clarity!
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Thank you for your response. No FMV is higher, much. Afraid the error will be a problem when I sell. I was amending my cost from what I paid, to FMV at time of ...
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Amend that, I've never shown a loss. But, with no income other than SS and rental income of $12, 000 nothing was owed.
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Thank you for that! I understand. However, as all situations are specific....my rental properties cost $42,000-$89,000. There is no mortgage. I have no losses. ...
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Thank you for your time and help!
Activity Feed for SRI64
- Got Cheered for Re: Incorrect cost basis on rental property. December 29, 2022 7:22 AM
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