Activity Feed
- Posts
- Replies
-
I have a client that has a frachise business for 15 years. Her business made money in prior years.She had a FEDERAL NOL Loss of about $20,000 in 2019, and $5,00...
-
He never intended for this property to be changed to personal. He did not rent it in 2020 because of all the things going on (distance, not finding reliable pro...
-
The basis at time of converting was $360,000 (both building and land), and the FMV was $240,000 (both building and land)Thank you for your input. SILVIA
-
My client sold a Rental Property on 12/02/2020. The adjusted basis (purchase price + Improvements - Depreciation taken and allowed) =$327,500 (both building and...
-
I sold a residential rental property in 2020. The property was not available for rent as we had to complete repairs and maintenance during 2020, and also becaus...
