Mom4Kids
Level 1
12-06-2019
04:43 PM
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Hurrican Harvey Loss on Rental Property that was Sold in 2017. Taxpayer had rental property under contract for sale at $159,000; then Hurrican Harvey hit, and property damaged and he had to adjust sales price to $102,000. No Insurance Reimbursements. How do we input correctly in Lacerte? Can we carryback the loss to 2016? If so, how?
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