rental real estate disposal in TaxAct software

Technical topics regarding tax preparation.
#1
juro  
Posts:
923
Joined:
18-Oct-2015 9:11am
Location:
USA
How do I report a disposal for section 1250 in TaxAct software?

The property is real property, section 1250 only.
But Form 4797 part III is showing amounts in Lines 25b, 26g, 27c, 28b, and 29b.

Form 4797 part III, line #26 needs to report the gain or loss.
Schedule K-1 line #9c needs to report the gain or loss.
 

Return to Taxation



Who is online

Users browsing this forum: chicagocpa, dellpaul, Google [Bot], GSTaxTalk, IDunnoItDepends, LDCPA, Nilodop, rbynaker and 70 guests