In publication 551 it states the following:Construction.If you contracted to have your house built on the land you own, your basis is:The cost of the land, plus...
Thanks for the responses here. Prior to posting my question, I had an online chat with an Intuit Turbotax tax expert, with 20 years experience. Her advice was t...
My related question is I have estimated 2023 tax payments as calculated by Turbotax 2022, however in June 2023 I now have a large capital gain from real estate ...
Ok, thanks, makes sense. Let me probe the concept a bit further. If 9 of the 10 cash installments were made prior to October occupancy, and only the final made ...
