Rick 19744,Thank you!That's the answer I was looking for.But suppose I have a net loss on the sale even including the Section 751 gain?Don't I have a wash sale ...
That's true, but what which "gain/"When I sell shares in a partnership the "gain" on the sale consists of two parts: one from past depreciation (which reduced m...
Not quite there.There are actually two exchange rates for each day.One is the interbank rate (which banks charge each other); the other is the "cash" rate which...
IRS Pub states that you can carry any excess SEP contribution to the following tax year but it cannot exceed the contribution limit for the later year.I think (...