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I typed it wrong. No, the partnership reported the gain on the sale of land as LTCG, not subject to Net Investment Tax.Does the rest of my situation make sense?...
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I just received a Final K-1 (1065) for a client. Twenty years ago, 5 partners inherited land (DOD value was 200K) that they contributed to form a partnership (2...
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Has this method worked for you this tax season? Crazy that we pay so much for this software and each year there is more manual input.
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