Activity Feed
- Posts
- Replies
-
form 4562 line 11 shows zero but prior years and current year return show net income from Schedule E
-
No net income(loss) limitation
-
Individual has commercial property and takes 179 expense on 5 year property on schedule E of form 1040. IRS says he is allowed to take the 179 depreciation. Ass...
-
Partnership books are maintained on tax basis and section 754 amortization is recorded on books for 10,000 bringing the net income to 20,000. The 754 amortizati...
-
10 partners in partnership - 4 partners receive distributions in excess of basis so 4 partners have capital gain distributions - in Proseries we report capital ...
