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Showing content with the highest reputation on 09/05/2015 in all areas

  1. It's not a mistake. Line C is the gross farm, or nonfarm, income allocated to the partner. The total of this line for all partners' shares would tie to line 3 of the 1065 and line 14c on page 4.
    1 point
  2. After seeing this article I decided to give myself a big raise. But my banker overruled it - something about there not being enough money in their bank to cash my check...
    1 point
  3. OK, the suspended loss wound up on Sch E and the sale showing the gain along with the depreciation previously taken were reported on 4797 and Sch D. Hopefully, this is how it should be reported. Thanks for your help.
    1 point
  4. I agree with David and Sara. When property is disposed, suspended passive losses are freed.
    1 point
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