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Form 8995-A

cpa773
Level 1

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.

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1 Comment 1
George4Tacks
Level 15
Yes. The program should be doing it automatically, if you have the activity properly coded.

Answers are easy. Questions are hard!