MyGo2CPA
Level 1
10-04-2021
06:57 PM
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Sale Proceeds are blank
Purchase Price Initial Basis Amt = $8,452.
Cumulative Adjustments to Basis =- $8,308.
Cost basis = $144.
Gain Subject to Recapture as Ordinary income = $5,615.
% Long Term = 94
Cumulative Adjustments to Basis = -$5170.
Gain Subject top recapture as Ordinary Income = $8,753.
Purchase Price Initial Basis Amt = $8,452.
Cumulative Adjustments to Basis =- $8,308.
Cost basis = $144.
Gain Subject to Recapture as Ordinary income = $5,615.
% Long Term = 94
Cumulative Adjustments to Basis = -$5170.
Gain Subject top recapture as Ordinary Income = $8,753.
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