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| Ron Rosenfeld <ronrosenfeld[at]nospam.org> wrote: - quote - > Joe Lauton <JL[at]Lauton2000.com> wrote:
Thanks for taking the time to respond.> > Using TaxCut - on schedule E for my rental property - item 1 > > "List type and location of each rental real estate > > property." I responded: "Houses on one lot." TaxCut added > > "100%" to that line. It apparently comes from the worksheet > > where it asks if you are an owner of 100%. (guess not just > > a partner) (on the second line I had street name, city and > > CA) > > > In the past I have used NO such "%" entry. Is this just > > TaxCut being 'creative' or some new requirement???? > There's been a requirement to show percent ownership if > yours is less than 100%. There's probably no harm in > showing the 100%, though. > --ron << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| oe Lauton <JL[at]Lauton2000.com> wrote: - quote - > Using TaxCut - on schedule E for my rental property - item 1
There's been a requirement to show percent ownership if> "List type and location of each rental real estate > property." I responded: "Houses on one lot." TaxCut added > "100%" to that line. It apparently comes from the worksheet > where it asks if you are an owner of 100%. (guess not just > a partner) (on the second line I had street name, city and > CA) > In the past I have used NO such "%" entry. Is this just > TaxCut being 'creative' or some new requirement???? yours is less than 100%. There's probably no harm in showing the 100%, though. --ron << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Using TaxCut - on schedule E for my rental property - item 1 "List type and location of each rental real estate property." I responded: "Houses on one lot." TaxCut added "100%" to that line. It apparently comes from the worksheet where it asks if you are an owner of 100%. (guess not just a partner) (on the second line I had street name, city and CA) In the past I have used NO such "%" entry. Is this just TaxCut being 'creative' or some new requirement???? Also - apparently NO copy of the Federal return is required with the CA return this year??? jl << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| irs, policy, requirement, taxcut |
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