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Old 02-27-2007, 08:14 PM
Joe Lauton
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Default Re: TaxCut new policy or IRS requirement?

Ron Rosenfeld <ronrosenfeld[at]nospam.org> wrote:
- quote -

> Joe Lauton <JL[at]Lauton2000.com> wrote:

> > 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


Thanks for taking the time to respond.

<< ================================================== ===== > << 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. > << ================================================== ===== >
 
Old 02-26-2007, 05:13 AM
Ron Rosenfeld
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Posts: n/a
Default Re: TaxCut new policy or IRS requirement?

oe Lauton <JL[at]Lauton2000.com> wrote:

- quote -

> 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. > << ================================================== ===== >
  #-1  
Old 02-25-2007, 09:19 AM
Joe Lauton
Guest
 
Posts: n/a
Default TaxCut new policy or IRS requirement?

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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