- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm sure this isn't all that uncommon that someone isn't willing to share their SSN for something like this.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The couple of times I have ran into that, I left the name, address, SS # info and interest box blank and just loaded the interest directly on schedule B.
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The couple of times I have ran into that, I left the name, address, SS # info and interest box blank and just loaded the interest directly on schedule B.
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
This real estate has been in the family for generations, owned by a bunch of different family members, all undivided ownership...they all had to sell or none of them could sell...they've been fighting over it for decades! The uncle ended up buying out the family members that are my clients and they are carrying note.
I don't see many installment sales, how important is it whether we report it as a related party sale or not?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What was sold? Do you need to have buyer and seller both complete 8594?
Schedule B only requires SSN when it is seller financed interest for a PERSONAL RESIDENCE. Even then, if the buyer doesn't care about deducting the mortgage, why should we care?
If it is interest on a rental, then the buyer probably should be issuing a 1099 to the seller, so again, why should we care?
EDIT - I have added a photo of the ceiling over my desk that I often used for basis calculations.
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I had numbers stuck to my ceiling just for that type of problem. There were so many dart holes in the ceiling when I sold the practice, they thought there were termites.
Answers are easy. Questions are hard!