Sintaxed
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@MarilynG1,Thank you for your reply. If I do as you suggest, I believe that I am taking the two adjusted basis and starting a new depreciation that would run 27...
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@ReneeM7122Thank you. Yes I understand that 2 into 1 of Like Kind is permissible. My question is how to represent that in the asset area. I already have 2 prope...
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DianeW777,thank you. This confirms what I was thinking. But now I’m wondering if I should add the net new depreciation on a new Schedule E item or just place it...
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Thank you. I do understand that I cannot write off the costs as a rental expense. But I am unsure HOW to add them to the basis. Can you help with that.?
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I too have been wrestling with the HOW portion of this issue for a while now. Here's what I am thinking of doing. Open to feedback on this idea:Rental A has bee...
Activity Feed for Sintaxed
- Posted Re: Improvements/repairs to rental property prior to sale on Investors & landlords. March 12, 2021 3:24 PM
- Posted Re: Improvements/repairs to rental property prior to sale on Investors & landlords. March 11, 2021 11:56 AM
- Posted Re: Improvements/repairs to rental property prior to sale on Investors & landlords. March 10, 2021 11:35 AM
- Posted Re: Improvements/repairs to rental property prior to sale on Investors & landlords. March 9, 2021 9:48 PM
- Posted Re: 1031 exchange of rental properties--carry over depreciation to new property? on Investors & landlords. March 7, 2021 3:48 PM
- Posted Re: Improvements/repairs to rental property prior to sale on Investors & landlords. March 7, 2021 3:05 PM