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Just in case it helps anyone, I thought I would put the calculation in terms that are far easier to understand than anything else I've read today. The OK Subtra...
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I just had the same thing happen to a client. I'm using Lacerte. My problem is I cannot reproduce the number now? And there's no worksheet! I can't explain how ...
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Client has a rental: original cost $78,222 less depreciation $31,177 = adjusted basis of $42,045.Client was reimbursed $25,724.51 from insurance for hail damage...
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Then Lacerte needs to fix it. There is no way to check that box.
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Does anyone know if you made the election on the 2019 return if you have to do it again in 2020. Lacerte will not let me check the box on the front of the AK re...
