JackW
Level 3
03-12-2019
09:44 AM
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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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