Notes receive principal and interest. Just like an installment sale.Where/how do I report my basis (guessing at this term) of the note as I receive principal?No...
Hi, I don't know the exact info/error messages but I'll guess you have >$25k in losses AND you have not declared you quallify for Real Estate Pro, REP, which al...
Hi, I;ve been filing 1065 for some 20 rentals using TT for many years.The point / benefit of moving your rentals off your 1040 (sched E) up to a multi member LL...
Tnx Patricia, I experimented, removed the AL K-1 gain/income fields. The AL tax due droped to near zero. The Fed k-1 info did not flow.BUT I maybe in a special ...
Yes, I was a member in a partnership (1065) that was sold. I have a 1065 k-1 AND a form AL 65 k-1, some duplicated numbers as on the 1065 K-1. Given duplicated ...