Technical topics regarding tax preparation.
23-Apr-2021 10:21am
- Posts:
- 157
- Joined:
- 22-Apr-2014 7:02pm
- Location:
- Orange County, CA
A client sold one of the rental properties in his LLC. Lots of repairs prior to sale creating a large loss. Also, a suspended loss carryover of $10K. The gain on the sale was significantly more than the rental loss. On Lacerte Is making a direct entry on the 540 Schedule CA the only way to get the rental loss and suspended loss carryover recognized on the CA return? Many thanks
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