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I asked for help, not for insults. I appreciated all of the good tax preparers for their help. I did enter it as a loss. ( selling price as the cost/value and a...
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Also when i did do k1's with 25% each... they would owe on that 1/4th gain each and the estate amount stayed the same at the 100%... so it would be like double ...
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they were not advised what to do.. so when they sold it.. they split the amount by 4 members. ( never thought about taxes for the estate). One for sure won't he...
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They used the 100 percent assessment value since it's never been appraised and they have no ideah of his cost and improvements over the years. They lived states...
