Thank you for your response. The trust was signed in 2007. The property was in trust for 23 years. The trustee sold the property in 2023. She was 1/4 owner of t...
I allocated the purchase price of my rental to land and building. But only building was depreciated when I converted my second home to rental in 2022. I sold it...
I have 3 residential properties. I only sold one at a gain in 2022. When I get to the rental (Schedule E) for that sold asst, the “asset entry worksheet “specif...
Thank you so much. I also have a question about the gain that was reported on the sale of this rental residential property that I maintained as rental for 10 ye...
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