ptorab
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- Posted Is there a MAGI limit/phase out to this? I have a large s... on Investors & landlords. June 7, 2019 4:02 PM
- Posted What about refinance fee in this case? What should I do w... on Investors & landlords. June 6, 2019 7:39 AM
- Posted How can I start over? Turbotax premier (NOT Using Turbotax online) on Get your taxes done using TurboTax. June 6, 2019 5:26 AM
June 7, 2019
4:02 PM
Is there a MAGI limit/phase out to this? I have a large suspended PAL this year (sod the rental property), am seeing a large "gain" because of asset depreciation every year, and cannot seem to offset the gain with my PAL (TT reports a PAL, but no tax benefit) -- this doesn't seem right: without (or with less) depreciation, landing PAL to near 0, and reducing "gain" tax seems to be lower? Depreciation increasing tax at rental property sales time for high MAGI cases?
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June 6, 2019
7:39 AM
What about refinance fee in this case? What should I do with the remanning refinance fee that I paid at the time of refinance, but has NOT been claimed (through annual amortization) at the time of sale?
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June 6, 2019
5:26 AM
There are lots of answers for TurboTax online. Not those. I'm using Premier on my local machine. Thanks.
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