Skip to main content
Level 1
July 12, 2020
Question

Form 8995-A

  • July 12, 2020
  • 1 reply
  • 0 views

How do you calculate the basis on line 7?  Do you use all property's original cost in the last 10 years even though it is fully depreciated?

 

Thank you.

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
July 12, 2020
Yes. The program should be doing it automatically, if you have the activity properly coded.
Answers are easy. Questions are hard!