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Thanks for your input. I, also, have never filed a business casualty loss.Yes, F 4684 allows you to enter the adjusted basis. However, nowhere does it allow you...
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Thank you for your help.When entering the adjusted basis on Form 4684 there is nowhere to enter depreciation so the full gain is reported as long term on line 3...
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The disposition instructions for a business vehicle that was totaled say not to report the disposition on the vehicle asset sheet but to report it on the casual...
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"You may need to attach a Section1377(a)(2) election statement, too."PS appears to do the correct allocation - zero loss to the departing SH and 100% loss to th...
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Yes, they transferred (swapped) shares in each of the entities.Given that, then there is no gain or loss to be recorded on the SH's personal tax return? What ha...
