Due to the loss of my wife and the step up in basis allowed, I can only deduct $13,000 of a $25,000 charitable contribution and the carryover form shows $12,000...
Thanks for this excellent advice. I tried to mark my original investment property as 0% investment use and it flags it as an error. So I zero'd out the land and...
Your response and everything I have read says I can deduct up to $3000 of capital gain losses against ordinary income and carryover the rest. Next year I will b...
Excellent, thank you. In an earlier response in a community state where the entire basis is stepped up you directed the requestor to convert the property to per...
Excellent response, thank you. My wife passed and it is not a community state so I understand only half of the basis of an investment rental gets stepped up. I ...
