JackW
Level 3

Is Lacerte calculating unadjusted basis correctly?  I am preparing a partnership tax return that rents nonresidential property.  It seems that only the leasehold improvements per Lacerte qualify as unadjusted basis.  The building that is not fully depreciated is not included.  I think this is incorrect.

What is not unadjusted basis property?

Does a partnership need to include the safe harbor real estate form? 

 

 

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