Posted by ohiojim on January 27, 2016 at 10:44:16 from (45.53.230.85):
saw the earlier post on land swap,...anyone in the know on taxes willing to help on sale of rentals ??? i sold 12 rentals that are located on 4 seperate plots. can i lump them together as one sale or do i have to file on each one,....these were sold as a whole and i hold the note, where would i enter the down payment,...i have been using turbo tax for last 10 yrs....thanks
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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