Discussion:Residentail rental real estate sale
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| Revision as of 20:48, 21 February 2006 Plounibos (Talk | contribs) (Also, make certa) ← Previous diff |
Revision as of 20:06, 22 February 2006 Pjs (Talk | contribs) (And, don't you w) Next diff → |
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| + | {{ForumReplyPost|UserID=Pjs|Date=22 February 2006|Text=And, don't you want to separate the land portion of the sale from the building portion?}} | ||
Revision as of 20:06, 22 February 2006
Discussion Forum Index --> Tax Questions --> Residentail rental real estate sale
Jjsthunder (talk|edits) said: | 21 February 2006 |
| I have an individual who sold 5 rental properties this year, when I entered the sale into my tax package the gains were linked to form 4797, I thought that they should be linked to sch d as capital gains. Can anyone help?. | |
| 21 February 2006 | |
| Form 4797 is for depreciable property. The end result will flow from the 4797 to the Sch. D. | |
| 21 February 2006 | |
| I would only add to make sure the properties are properly entered on the 4797 as Section 1250 property. | |
| 21 February 2006 | |
| Also, make certain that any suspended passive activity losses carried forward are properly treated. | |
| 22 February 2006 | |
| And, don't you want to separate the land portion of the sale from the building portion? | |
