mkuriger
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I still like to understand the math...,
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Yes, thank you. Because this is an installment loan, how does TT know how to tax each installment amount? I know TT takes the gross profit divided by the sale p...
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I’m still confused! This is a rental property- not my home. I claimed $43k in depreciation since 2011. The property was sold in December 2020. Are you saying I ...
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Then why does IRS Publication 537 state the following...,Depreciation Recapture IncomeIf you sell property for which you claimed or could have claimed a depreci...
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The asset is a single family rental home. It was rent all of 2020 and sold in December - contract is an installment loan. Down payment of $20k with the remainde...
Activity Feed for mkuriger
- Posted Re: Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 19, 2021 11:58 AM
- Posted Re: Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 19, 2021 3:18 AM
- Posted Re: Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 18, 2021 10:32 AM
- Posted Re: Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 18, 2021 6:00 AM
- Posted Re: Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 17, 2021 1:24 PM
- Posted Turbo Tax Premier is not calculating recaptured depreciation correctly on an installment sale - am I entering something incorrectly or is this a flaw in Turbo Tax? on Investors & landlords. March 17, 2021 9:33 AM