I should clarify my first response. When you add the rental in, it never asks for a basis or anything. It is all just generic questions. The only place I can en...
Hi, I follow the first half of this with no problem. I don't follow the second half at all. I entered in the "Asset" with the new basis, land cost and dates for...
Thanks for the follow up. Ironically enough, I'm in this predicament because a CPA "tax expert" at Turbo Tax in 2018 told me that there was NO stepped up basis ...
Thanks Carl you answered my question very well with your explanation on the assests - which is what I was looking to confirm based upon my own understanding in ...
Thank you so much for the reply. One question on the method of adding the stepped up basis amount (1/2 of FMV) to the expenses though... I like that option by t...