abctax55
Level 15
12-06-2019
04:44 PM
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Ah HA.
$48000 gain plus the wrong $50,000 loss plus the $40,000 disallowed = $ 138,000. That's close.
Except the depreciation wouldn't be THAT much, unless the land value is virtually zero.
NMI
$48000 gain plus the wrong $50,000 loss plus the $40,000 disallowed = $ 138,000. That's close.
Except the depreciation wouldn't be THAT much, unless the land value is virtually zero.
NMI
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