sbavc
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Got it, thanks!
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So I have to calculate my basis using the following:My original 1/3 share cost + my inherited 50% of 1/3 share@ FMV at the time of her passingIs the above formu...
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Yeah, I realize this is very complicated and it's not cut and dry. In situation where you guys hit difficult complicated issues/questions, does IRS provide guid...
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You are absolutely right. I only inherited 50% of the 1/3 ownership from my sister. My brother inherited the other 50%.
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The 1099S only has my portioned the sale.Thanks for trying. Hopefully someone else has the answers.
Activity Feed for sbavc
- Cheered Re: In TurboTax Home & Biz, how do I enter a sale of rental property without depreciation? for Carl. April 18, 2021 7:37 AM
- Posted In TurboTax Home & Biz, how do I enter a sale of rental property without depreciation? on Investors & landlords. April 15, 2021 2:45 PM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 7:56 PM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 7:43 PM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 6:44 PM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 2:46 PM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 11:30 AM
- Posted Re: Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 13, 2021 8:04 AM
- Posted Entered rental property sale that resulted in NY tax, but did not effect Federal on Investors & landlords. April 12, 2021 8:21 AM
- Cheered Re: Can I claim 100% of a rental property sold that I own partialy? for Carl. April 12, 2021 7:20 AM
- Cheered Re: Can I claim expenses related to sale (tolls, utilities, etc.) of a rental property that was not rented out during the year of sale? for Carl. April 12, 2021 7:20 AM
- Cheered Re: Do I report depreciation previously taken on a property that I just inherited and sold? for Carl. April 12, 2021 7:20 AM
- Cheered Re: Sold a rental property in non-resident state for ThomasM125. April 12, 2021 7:19 AM
- Cheered Re: Sold a rental property in non-resident state for TomD8. April 12, 2021 7:19 AM
- Cheered Re: Do I report depreciation previously taken on a property that I just inherited and sold? for M-MTax. April 12, 2021 7:19 AM
- Posted Do I report depreciation previously taken on a property that I just inherited and sold? on Investors & landlords. April 9, 2021 2:28 PM
- Posted Can I claim 100% of a rental property sold that I own partialy? on Investors & landlords. April 9, 2021 1:16 PM
- Posted Can I claim expenses related to sale (tolls, utilities, etc.) of a rental property that was not rented out during the year of sale? on Investors & landlords. April 9, 2021 1:11 PM
- Posted Sold a rental property in non-resident state on State tax filing. April 9, 2021 1:01 PM