mhashimoto10
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Do I also need to deduce my previous depreciation from my 2007 purchase price in the "Cost" number or does TT automatically deduct it since it list the previous...
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Great - thank you for the previous post as it was similar to my situation in terms of MV at the 3 time periods in question (purchase, conversion to rental, and ...
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Note - the screen shot is from what was carried over from my 2021 Turbo Tax Return. It also had my business % at less than 100% (83.61%) but not sure why that w...
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Thanks for your response. To further clarify my question, how does Turbo Tax breakdown between Cost and Land work? Is Cost the total price and Land a portion of...
Activity Feed for mhashimoto10
- Cheered Re: How should I split the basis and sales price of a property between cost and land that I sold?... for JulieS. March 11, 2023 5:00 AM
- Posted Re: How should I split the basis and sales price of a property between cost and land that I sold?... on Deductions & credits. March 2, 2023 12:03 PM
- Posted Re: How should I split the basis and sales price of a property between cost and land that I sold?... on Deductions & credits. March 2, 2023 12:01 PM
- Posted Re: How should I split the basis and sales price of a property between cost and land that I sold?... on Deductions & credits. March 1, 2023 12:57 PM
- Posted Re: How should I split the basis and sales price of a property between cost and land that I sold?... on Deductions & credits. March 1, 2023 12:52 PM
- Cheered Re: How should I split the basis and sales price of a property between cost and land that I sold?... for RobertB4444. March 1, 2023 12:46 PM
- Posted How should I split the basis and sales price of a property between cost and land that I sold? I purchased in 2007, started renting it 100% in 2016 and sold in 2022 on Deductions & credits. March 1, 2023 10:08 AM