msloss
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I had this same question. This answer makes the most sense when the FMV was not specified in the estate. Thank you!
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There are several problems with those suggestions. The assets (home, roof, and golf cart) have had depreciation and linked with the Schedule E rental income and...
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I have a similar situation, but with more complications for which I have failed to find any answers. I sold a short-term rental home this year that was also use...
Activity Feed for msloss
- Posted Re: 1099-S Received for the Sale of Mineral Rights Not Related to the Sale of Land on Deductions & credits. July 3, 2024 1:51 PM
- Cheered Re: 1099-S Received for the Sale of Mineral Rights Not Related to the Sale of Land for PatriciaV. July 3, 2024 1:51 PM
- Posted Re: Sale of long term residence/short term rental - Where to enter, Capital Gains, Depreciation, ... on Investors & landlords. December 25, 2023 12:09 PM
- Posted Re: Sale of long term residence/short term rental - Where to enter, Capital Gains, Depreciation, ... on Investors & landlords. December 23, 2023 11:39 AM