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Thanks for your reply.I was looking at the idea that taxpayer lost on this deal and looks like he is unable to deduct his lost as this plan lost him monies.
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When inputting information on K-1 page in Pro Series, when I checked box I2, I received error message from Pro Series indicating since the partnership return in...
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Don't know how line through text happened but not now. Thanks
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How about if the rental property is not completely depreciated out, only 4 years in service.
