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Thank you taking the time to reply. As stated in the original post there is a Gain on the casualty casualty, not a loss. An the gain has been properly calculate...
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Client had a rental completely destroyed by fire. Insurance proceeds were more than remaining basis resulting in Casualty Gain. I enter disposition on Sch E ren...
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It means the buyer bought the assets from the partnership rather than buying the partnership interest from the partner. Its an asset sale rather than a sale of ...
