If purchase large property 11/4/2004 consisted of 4 office spaces and 3 apartments all had schedule e no depreciation sold 9/26/2018 as 1 sale. what form do you use 4797?

Forum|Forum|6 years ago
December 7, 2019
7 replies
47 views

this property has 7 schedule e one for each so how do you claim the sale for each when it was sold as 1 property. do you divide the total sale by the 7 schedule e?

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Best answer by IRonMaN

No depreciation? You might want to research form 3115 before proceeding any further.

IRonMaNAnswer

Level 15

No depreciation? You might want to research form 3115 before proceeding any further.

Slava Ukraini!

F

frelarcoAuthor

Level 2

thank you

abctax55

Level 15

And research "allowed and/or allowable" depreciation.

HumanKind... Be Both

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poolcleaner

Level 8

As someone who is struggling through a Form 3115 right this minute, I can't tell you how much help it was to purchase the text on Form 3115 from brasstax.com. It may be one of the best $20 expenditures in a long time. They emailed it to me as soon as I bought it. I hope I NEVER have to fill out another 3115 but the text has made it dramatically simpler.

George4Tacks

Level 15

Here is a link for others that want this Select from the drop down at https://brasstax.com/shop?keywords=3115&olsPage=products%2Ftextbooks-no-cpe

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