ual777cap
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How would you show this adjusted basis when you report the present sale? Turbo tax doesn't address this.
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When you buy a new property in a 1031 exchange and add additional money to the sales proceeds for the new purchase, does this adjust the basis for a future sale...
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A long time ago I wish I had known there would be personal computers and Turbo Tax because, even with an accounting degree it was very hard to do your own stock...
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