ea_rva aka acctgtaxmatters
Level 5
05-06-2021
01:54 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client sold rental property in 2020 that she owned and rented for 8 years. Prior tax accountant was not carrying correct purchase price and was understating by $8,000. Cap Gains savings to my client of $1,000. Is the best fix to add to Asset Entry as a separate amount with a date placed in service of 01/01/2020?
Labels