Dave918
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Thanks but this does not answer my question which involves the valuation of the land in the new asset. Do I need to use the land value from the relinquished pro...
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I’m using the 2 schedule method. Just to clarify the value of the land from the old (exchanged) property does not change (even if the new property is a condo wi...
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I have been allocating the repayments to whatever debt is smaller (property B in this case) so I can simplify things sooner by paying off the debt on B sooner s...
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This is a bit confusing - you are saying that it is better to show the interest for properties B and C as NOT reported on 1098? But you are also saying that the...
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Thanks for your response. Should I report the interest on properties B and C as if they were on a 1098? Or is the IRS less likely to question it if I said the i...
Activity Feed for Dave918
- Posted Deduct Credit Card Fees & Interest from money invested in Savings/CDs on Deductions & credits. March 17, 2024 12:30 PM
- Posted Land Value in 1031 Exchange on Investors & landlords. April 12, 2023 9:25 PM
- Posted Re: Land Value After 1031 Exchange 2 New Assets (Under Sec 1.168(i)-6(i)) on Investors & landlords. April 12, 2023 1:11 PM
- Posted Land Value After 1031 Exchange 2 New Assets (Under Sec 1.168(i)-6(i)) on Investors & landlords. April 12, 2023 12:03 AM
- Posted Re: Allocation of land in Exchanged (carryover) basis and Excess (additional) basis after 1031 Ex... on Investors & landlords. April 11, 2023 5:27 PM
- Cheered Re: Allocation of mortgage payments on loan used to purchase multiple properties for PatriciaV. April 11, 2023 7:19 AM
- Cheered Re: Allocation of repayment on mortgage used to purchase multiple properties for KrisD15. April 10, 2023 6:38 PM
- Posted Allocation of repayment on mortgage used to purchase multiple properties on Business & farm. April 10, 2023 5:56 PM
- Posted Re: Allocation of mortgage payments on loan used to purchase multiple properties on Investors & landlords. April 10, 2023 4:44 PM
- Posted Allocation of land in Exchanged (carryover) basis and Excess (additional) basis after 1031 Exchange on Investors & landlords. April 9, 2023 11:58 AM
- Posted How to split 1098 between rental properties on Investors & landlords. March 26, 2023 12:17 PM
- Posted Allocation of mortgage payments on loan used to purchase multiple properties on Investors & landlords. March 26, 2023 11:06 AM
- Posted Re: Tracing Rules for Mortgage Interest Used to Buy Other Rental Properties on Investors & landlords. March 26, 2023 9:08 AM
- Posted What if separated couple can't agree on itemizing on Deductions & credits. March 25, 2023 2:28 PM
- Posted Is it easy to qualify for QBI deduction with more than 10 rental properties? on Investors & landlords. March 25, 2023 2:09 PM
- Posted Re: Tracing Rules for Mortgage Interest Used to Buy Other Rental Properties on Investors & landlords. March 25, 2023 12:37 PM
- Posted Re: Tracing Rules for Mortgage Interest Used to Buy Other Rental Properties on Investors & landlords. March 25, 2023 11:25 AM
- Posted Re: Tracing Rules for Mortgage Interest Used to Buy Other Rental Properties on Investors & landlords. March 25, 2023 11:16 AM
- Posted Tracing Rules for Mortgage Interest Used to Buy Other Rental Properties on Investors & landlords. March 25, 2023 9:43 AM
- Posted Paid some of rent on 1099-MISC to buyer of rental house on Investors & landlords. March 20, 2023 7:56 PM