7012simon
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Thank you. The cost basis of the property sold at the time of the exchange was $600,000 purchasing price minus 325,000 land value minus $70,000 accumulated depr...
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Thank you for the answer. Do I need to file IRS Form 4562 along with my tax return?
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Thank you for the information. After completing 1031 Exchange transaction, in my example, in coming years, can I claim annual depreciation of $18,181 (cost basi...
Activity Feed for 7012simon
- Cheered Re: Residential rental house sold at $955K net. Under 1031 Ex, a house purchased at $950K with la... for KrisD15. January 17, 2024 6:24 PM
- Posted Re: Residential rental house sold at $955K net. Under 1031 Ex, a house purchased at $950K with la... on Investors & landlords. January 16, 2024 7:27 PM
- Posted Residential rental house sold at $955K net. Under 1031 Ex, a house purchased at $950K with land $400K. Can I continue old depreciation @$10K for remaining 20.5 years? on Investors & landlords. January 16, 2024 5:36 PM
- Posted Re: Depreciation under Section 1031 Exchange on Investors & landlords. March 13, 2023 2:43 PM
- Posted Re: Depreciation under Section 1031 Exchange on Investors & landlords. March 13, 2023 10:19 AM
- Posted Depreciation under Section 1031 Exchange on Investors & landlords. March 10, 2023 6:45 PM
- Cheered Re: rental property under Section 1031 Exchange for MaryK4. February 25, 2023 10:03 PM
- Posted rental property under Section 1031 Exchange on Deductions & credits. February 25, 2023 6:51 PM
- Cheered Re: $8,000 Cental air conditioning system for DavidD66. March 22, 2020 8:27 PM
- Posted $8,000 Cental air conditioning system on Get your taxes done using TurboTax. March 22, 2020 12:50 PM
- Posted After e filing, why I was asked to enter the license code again? on After you file. March 13, 2020 4:15 PM
- Posted Form 1099 on Get your taxes done using TurboTax. March 4, 2020 8:39 AM