Key tips and advice the working tax pro can use.
Sale of residence and farm worksheet
Post a reply

19-Nov-2018 7:36am

Anybody have a good worksheet they would care to share for this tax issue. I have had this transaction before and used the IRS publication to determine taxable gain and 121 exclusion. Looking for a nice neat worksheet. I have some good numbers and appraisals to work with.

Thanks

Gary

18-Jan-2019 12:36pm

We have an excel spreadsheet for farmers (yearly income/expense). But its not for gains or 121. We deal with a lot of farmers and just hand write any calculations pertaining to the sale (breakdown of home and farm). Then scan it as a pdf for our records. Guess we should make a formal form. Good luck.
Post a reply