Lily Yu
Level 2
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Hi Carl,Thank you for your explanation regarding PAL on a rental property:"Basically, all of your carry over losses are "released" in the tax year you sell the ...
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In 2021 we had a couple1031 and exchanged a few properties ("relinquished") in 2021. The 1031 events were reported in 2021 tax return.Working on 2022 tax return...
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ThanksWCT888 for all the detailed information. This helped me feel more confident about my 2021 tax return that I mailed last Friday. I used excel to calculate ...
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Oh ok. Thank youtagteamfor the advices.Have good night,Lily
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Hilori58sf,Thank you for your time and response. Please see my response to each of your question, and my question about Turbo Tax Home and Business Desk version...
Activity Feed for Lily Yu
- Posted Re: Passive Activity Loss carryover on Deductions & credits. April 2, 2023 4:14 AM
- Posted Re: Passive Activity Loss carryover on Deductions & credits. April 2, 2023 4:02 AM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. April 9, 2022 4:39 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. April 3, 2022 9:08 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. April 3, 2022 3:46 PM
- Got Cheered for Re: 1031 Exchange for Rental Property: end-to-end question. April 3, 2022 12:52 PM
- Got Cheered for Re: 1031 Exchange for Rental Property: end-to-end question. April 3, 2022 12:51 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 31, 2022 5:42 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 28, 2022 12:51 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 23, 2022 6:36 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 23, 2022 6:17 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 23, 2022 4:37 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 22, 2022 6:49 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 22, 2022 6:16 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 20, 2022 6:42 PM
- Posted Re: 1031 Exchange for Rental Property: end-to-end question on Get your taxes done using TurboTax. March 19, 2022 12:53 PM