bdewoldt
Level 1
01-20-2021
01:22 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Taxpayer died 02/29/2020 and had two residential rental properties. Preparing the final 1040. How do you code rental fixed assets so only partial depreciation taken? Assets managed by estate for approximately 9 months and then were distributed to a beneficiary of estate.
Solved! Go to Solution.
1 Solution
Accepted Solutions
IRonMaN
Level 15
01-20-2021
01:26 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Show a retirement/sale date of 2/29/20 in the software but leave the sales price box empty.
This week's special - get a free set of ACME snow tires with every return prepared. ($300 extra if you want air in the tires)
1 Reply 1
IRonMaN
Level 15
01-20-2021
01:26 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Show a retirement/sale date of 2/29/20 in the software but leave the sales price box empty.
This week's special - get a free set of ACME snow tires with every return prepared. ($300 extra if you want air in the tires)