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Thank you for your answer and assistance.
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Well, I am back.Background:New client as previous CPA retired. It would appear that the prior CPA used Lacerte given what I know about the CPA and how the PY re...
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Thank you, qbteachmt, for your response and further education. I did not know about the "clock starting" point.This stuff is good and the community is good!
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Thank you very much for pointing me to the Pub 590B and the flowchart."Give a man a fish and you feed him for a day. Teach him to fish and you feed him for a li...
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Thank you for the answer but how does one get around the less than 5-year requirement? Even though there is remaining basis is positive, the methodology results...