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Sale of residence and farm worksheet

Key tips and advice the working tax pro can use.
#1
Gjkycpa  
Posts:
202
Joined:
29-Apr-2014 1:53pm
Location:
Corbin, KY
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
 

#2
Posts:
140
Joined:
5-Feb-2015 9:28am
Location:
TimBuckTwo
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.
 


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