We are working on section 481(a) adjustment.My accountant and I have different thinking.We have a net negative adjustment, but we can not be sure “ Yes “ or “ N...
We are filling out Form 3115 for my rental property that I sold in 2024. My dad managed the property from 2014 until 2020.Then I started managing the property s...
What would be the property date of service?The date my family bought it in 2014 ( my parents and my two sisters and me co owned and put the property on the serv...
So if I would recapture all of depreciation, should my sisters leave it blank or put zero on depreciation field when reporting sale of rental property on TurboT...
Thank you. My father never claimed the depreciation from 2014 until he quitclaimed the property to three of us in 2020, and I understand that we have to report ...
