First, thank you for the quick response. much appreciated!more clarifications are needed.The improvements are plank flooring, kitchen cabinets etc.Per your advi...
double checked. only one property is marked as sold.to my surprise i tried the same thing with taxact and the result was the same.i am sure there is a reason wh...
469(g) is talking about “Dispositions of ENTIRE interest in passive activity. ifduring the taxable year a taxpayer disposes of his entire interest in ANYpassive...
The situation is simple:The rental income is higher than the expenses. i want the previous year’s losses to cover for the gap so i owe $0 in taxes.i definitely ...
