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bulk sale
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bandb
Level 3
Friday
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If taxpayer sold a rental ( 27.5 sl ), with land ( 0 ) and improvements (5 ddb,) can this be inputted as a bulk sale or should it be inputted separately?
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George4Tacks
Level 15
Friday
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Sounds like reporting at least 3 separate items - Building - Land - At least one DDB "Improvements"
Answers are easy. Questions are hard!
bandb
Level 3
Friday
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Thanks. With 3 separate dispositions, am I correct that the building, at 27.5 sl would have zero recapture, while the improvements at ddb would have recapture
George4Tacks
Level 15
Friday
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Yes.
Answers are easy. Questions are hard!
