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Been doing this for too many decades.
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Lacerte TaxExperience: 41 years
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Nope... current year plus two prior years is the rule. That ship sailed late last year when the IRS shut down to retool for 2024 filing season.
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In date of sale, enter when it was removed from service as a rental. Yes, on real property you get depreciation on the mid-month basis. Do not enter a sales pri...
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CFS Tax Tools has a *great* worksheet for working thru § 1031 exchange reporting. There are also various tools on-line. It is highly doubtful PS is overly usefu...
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Love the reject data As Jeff pointed out, rejections are seldom indicative of errors by the preparer (at least in my experience). The main culprit in my office ...
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I use the FMV of the two properties to come up with a ratio.