Fpslms
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WOW!!!Outstanding!!!Thank You!!!Where do I mark "Recommended"?
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YES...It was reported as an Installment Sale, and reported yearly on Form 6252....& I understand the possible need of a Tax Professional for this year.
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Confusion seems to be the Understatement here.I can see that our Purchase of the house in 1984, & the Sale to our Original Buyer in 2012, have gotten mixed up.W...
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Sorry for the confusion, Carl.We operated the house as a Rental for over 30 Years, prior to the sale.It had Depreciated to ZERO.The Original Buyer paid $3,500 D...
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Carl, the Buyer paid $3,500 down on a $23,500 house.Loan = $20,000.Balance when recovered was $14, 615.We spent $15,000 Remodeling, and then sold in December fo...
Activity Feed for Fpslms
- Posted WOW!!! Outstanding!!! Thank You!!! Where... on Deductions & credits. May 31, 2019 6:15 PM
- Posted YES...It was reported as an Installment Sale, and reporte... on Deductions & credits. May 31, 2019 6:15 PM
- Posted Confusion seems to be the Understatement here. I can see... on Deductions & credits. May 31, 2019 6:15 PM
- Posted Sorry for the confusion, Carl. We operated the house a... on Deductions & credits. May 31, 2019 6:15 PM
- Posted Carl, the Buyer paid $3,500 down on a $23,500 house. Loa... on Deductions & credits. May 31, 2019 6:15 PM
- Posted How do I handle a Deed in lieu of Foreclosure, on a house that I resold in the same year? on Deductions & credits. May 31, 2019 6:15 PM