Taxing1111
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Great - I appreciate your help@AmyC1. Okay thanks I will make sure to keep the tax returns now that I know. I thought it was only for 7 years. I hopefully have ...
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@AmyCoh man - I dont even know if I can find tax documents back that far. Do you mean as far back as 30 years ago when we originally bought it?Also, will I need...
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oh man - I dont even know if I can find tax documents back that far. Do you mean as far back as 30 years ago when we originally bought it?Also, will I need to r...
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hi there @KrisD15, thank you for your help.So the 24,935 depreciation amount is actually the amount from the time of new basis until it was sold. I don't think ...
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Thank you for the reply@KrisD15-Yes, I am entering both those amounts for the basis of the building and land respectively. And yes, I am entering the sale of bo...
Activity Feed for Taxing1111
- Posted Re: Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. February 1, 2024 1:27 PM
- Posted Re: Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. January 31, 2024 7:44 PM
- Posted Re: Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. January 31, 2024 7:42 PM
- Posted Re: Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. January 31, 2024 4:16 PM
- Posted Re: Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. January 31, 2024 2:28 PM
- Cheered Re: Rental property sold at a loss but Turbo Tax says I have a gain for KrisD15. January 31, 2024 2:22 PM
- Posted Rental property sold at a loss but Turbo Tax says I have a gain on Investors & landlords. January 31, 2024 12:24 PM
- Posted Re: How do I enter then information for a sale of a rental property? It doesn't say how to enter it in the Sale of Property/Depreciation section. on Investors & landlords. April 21, 2021 9:15 PM
- Cheered Re: How do I enter then information for a sale of a rental property? It doesn't say how to enter it in the Sale of Property/Depreciation section. for Carl. April 21, 2021 9:09 PM