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I'm sorry about the caps. They are offensive, if intended. Unless I hear that I found some loophole that savvy tax preparers use to lower taxes on selling renta...
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IF I ALLOCATED MORE OF THE SALE TO THE IMPROVEMENT THAN THE COST, THE CLIENT'S TAX WOULD INCREASE, SO I WOULDN'T. IF I ALOCATE ZERO, TAXES WOULD DECREASE. IF IT...
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I agree, I must be missing something. Are there rules for allocating sales. I'm just saying I need to allocate an equal amount of the sale to force a zero gain/...
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I AGREE, BUT IF I ALLOCATE ZERO OF SALE TO IMPROVEMENTS MADE THIS YEAR, THE LOSS APPEARS IN THE LESS THAN A YEAR SECTION OF 4797 AND CARRIES TO ORDINARY INCOME ...
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How do I delete state entries and start over?
