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I had a foreclosure and received a 1099 C. I think im
hello, i had a foreclosure and received a 1099 C. I think im supposed to use form 982 because it was a rental property . Please let me know any info … read more
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I am a Canadian who sold a personal property (condo) in
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Our Subchapter S Corporation sold our office/warehouse
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My wife and I (filing jointly) sold a two family rental property
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In 2014 I sold a condo that was purchased in 1985. Starting
In 2014 I sold a condo that was purchased in 1985. Starting in 1985 it was treated as income pro ducting property and received the 18 year ACRS depreciation. It was fully depreciated by 2003. At that … read more
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I purchased a rental property condo in May of 2000 for $117,042.
I purchased a rental property condo in May of 2000 for $117,042. I rented this condo from May of 2000 until December of 2006 and I depreciated it for $34,864. I changed the status of the condo from re… read more
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Cannot figure out how to complete 4797 & whether I can utilize
Cannot figure out how to complete 4797 & whether I can utilize the installment plan (Form 6252). Condo purchased for $124,534 in 1989. Converted to rental property in 1994. Basis $123,000 for deprecia… read more
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I sold a rental property last year for which I used straight-line
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I have a client that sold a one family residential property
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how do you figure capital gains tax on sale of rental ...
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I have an airplane that was put into service on a ...
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For IRS tax year 2002, I had a taxable personal income of ...
For IRS tax year 2002, I had a taxable personal income of 130,972(line 41). $91,941 was for capital gains on sale of RE that we owned for 8 & 15 years. The 91,941 was entered on line 13 of From 1040. … read more
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