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Put in other expenses line 19 schedule E - Abandonment of Loan Fees upon sale, and for the amount put the unamortized balance.
Put in other expenses line 19 schedule E - Abandonment of Loan Fees upon sale, and for the amount put the unamortized balance.
Thank you!
I'm with you Lisa.
If I have something I can do easy and quick and it gets me to the correct, defensible answer, I just do it. If we spend a half hour looking around for the "Right Way" everytime something a little strange comes up, we'd never get done.
I figure if the way I do it doesn't artificially alter the tax in the end, I'm doing something and moving on.
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