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EminC
Level 2
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  • Home bought and sold for profit during 2021 by two partners. where is reported 50% of basis and gain? on personal return? 4797 has 3 options as to ownership 1, ...
    EminC
    2
    Mar 27, 2022
  • Sorry, missed your answer before.
    EminC
    Mar 23, 2022
  • The unearned income is more 1100 total is about 26K from Stock, do you think child 17 should file own taxes for it, even though parent is custodian of the accou...
    EminC
    1
    Mar 23, 2022
  • They only sold this particular property for their reasons but they're not in business buying and selling.
    EminC
    1
    Mar 23, 2022
  • Client (two member LLC) purchased a house 2021 and sold it for profit 2021.Do you report the sale proceeds as Gross Receipts and deduct expenses as COGS? and wh...
    EminC
    4
    Mar 23, 2022
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