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There are quite a few smart Champs / All-Stars on this site, someone brighter than I will chime in and confirm your process. Good luck
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Having never filed a business casualty loss for a client and not wanting to beat a dead horse I do have a question.By definition, adjusted basis would include o...
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When you arrived at adjusted basis that should take care of accumulated depreciation taxation.
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Usually form 8332 will take care of the situation you are describing.
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The consensus is, use the schedule D worksheet then everything will flow where it should. You start with the worksheet and not the 8949.
