scpanish
Level 2
Member profile
- Replies
- Posts
-
Thanks Alicia. That is exactly what I needed to know.
-
Thank you Alicia. I apologize for the lack of clarity. My problem is with the K-1 box 19 code C entry. Turbo Tax wants a single "distribution" amount. My K-1 in...
-
Carl knows way more than I do.In my case, the$1 price was because the items were completely depreciated, important point I left out.This is not true in Sorin's ...
-
You will enter separate prices for the house, which depreciates, and the land, which does not.You will also have a selling price for each of the assets associat...
-
I put that stuff in as imrovements, selling price $1, used the date the house was sold, and reduced the sale price of the building by those little additional am...
Activity Feed for scpanish
- Posted Re: K-1 box 19 code C for a limited partnership that has closed and given a final K-1, given part... on Business & farm. April 1, 2022 11:38 AM
- Posted Re: K-1 box 19 code C for a limited partnership that has closed and given a final K-1, given part... on Business & farm. March 30, 2022 10:42 AM
- Posted K-1 box 19 code C for a limited partnership that has closed and given a final K-1, given partnership's adjusted basis and fair market value, how do I enter this? on Business & farm. March 29, 2022 2:30 PM
- Got Cheered for I understand. However, this is nowhere made clear in the.... April 1, 2020 3:37 PM
- Posted Carl knows way more than I do. In my case, the $1 price... on Investors & landlords. June 5, 2019 4:51 PM
- Posted You will enter separate prices for the house, which depre... on Investors & landlords. June 5, 2019 4:51 PM
- Posted I put that stuff in as imrovements, selling price $1, use... on Investors & landlords. June 5, 2019 4:51 PM
- Posted I would put it all in as repairs, so there would be no de... on Investors & landlords. June 5, 2019 4:51 PM
- Posted It was indeed an amortized asset. Done with the house sa... on Investors & landlords. June 5, 2019 4:51 PM
- Posted Well, we are in agreement. I was indulging in wishful th... on Investors & landlords. June 5, 2019 4:51 PM
- Posted I understand. However, this is nowhere made clear in the... on Investors & landlords. June 5, 2019 4:51 PM
- Posted Glad my question (and the answer) was of help. Now if TT... on Investors & landlords. June 5, 2019 4:51 PM
- Posted How do I report sale of a rental property and recapture all the depreciation from previous returns filed with TurboTax? What is the workflow? on Investors & landlords. June 5, 2019 4:51 PM
- Posted Thanks Rick. Very useful. Kind of annoying that the REI... on Business & farm. June 4, 2019 8:15 PM
- Posted Thanks for the quick response! This is the first time I... on Business & farm. June 4, 2019 8:15 PM
- Posted K1 for a partnership that closed in 2018 notes sch L syndication costs may be deductible as a capital loss. How do I do that? on Business & farm. June 4, 2019 8:15 PM