About mccormickgc

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Re: How do I handle section 1245 home office(day care)assets unreca...

My mistake - sorry for the confusion.I mean the $500,000 home exclusion.I mistakenly thought it was a lifetime limit ( future....) - just realized you can do it...

mccormickgc

Updated Jul 25, 2022
Re: How do I handle section 1245 home office(day care)assets unreca...

I was not clear. TT says to not assign an asset price if you link the asset worksheet to the Home Sale worksheet. As long as you use the link function, the depr...

mccormickgc

2

Updated Jul 25, 2022
Re: How do I handle section 1245 home office(day care)assets unreca...

Override was the wrong term. I would just remove the links from the Sec 1250 Home Office asset sheets and manually enter the Sec 1245 and Sec 1250 recaptures fr...

mccormickgc

4

Updated Jul 25, 2022
Re: How do I handle section 1245 home office(day care)assets unreca...

That is sort of what I figured.These assets are essentially a part of the overall home sale. If I had not had the home office , ANY capital gains would have bee...

mccormickgc

6

Updated Jul 25, 2022

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Date Registered	‎July 24, 2022 11:38 AM
Date Last Visited	‎August 12, 2022 11:06 AM
Total Messages Posted	5

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