AW175
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@ColeenD3It buys raw land as an investment, holds them until they appreciate in value and then sells them. There was not a building on the land that was sold.
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@Anonymous_It was held for appreciation. So maybe if I don't tell it what type of sale it is it will work? None of the types apply.
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@Anonymous_No use, raw land held for resale. Capital gains or losses does not give an option for a real estate sale. Business property/asset disposals says disp...
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@ColeenD3 This is company is a LLC. I have not entered it because there does not seem to be a screen that applies since Turbotax is convinced my Real Estate Dev...
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We rent to others box is not checked.
Activity Feed for AW175
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 10:41 AM
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 9:32 AM
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 9:15 AM
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 9:03 AM
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 8:59 AM
- Posted Re: My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 22, 2022 8:59 AM
- Posted My business is real estate development, Turbo Tax is trying to make it rental real estate on Investors & landlords. February 21, 2022 3:36 PM