Yep need a CPA. Need to add back depreciation. You loan is irrelevant you need

Mar 29, 2025
4:52:44pm

johnnybyu Intervention Needed

To figure out what your basis is to determine tax owed. will be a combination of long term cap gains and depreciation recapture

This message has been modified

Originally posted on Mar 29, 2025 at 4:52:44pm

Message modified by johnnybyu on Mar 29, 2025 at 4:53:34pm

Message modified by johnnybyu on Mar 29, 2025 at 4:54:59pm

johnnybyu

Messages

Author

Time

cougarblue All-American

Mar 29, 3:52pm

Mar 29, 3:56pm

JJCoug

Mar 29, 4:21pm

Mar 29, 4:23pm

Get a CPA

RexIdaCoug

Mar 29, 3:57pm

johnnybyu

Mar 29, 4:52pm

cougarblue

Mar 29, 6:41pm

Nope. You need a CPA.

JJCoug

Mar 29, 7:57pm

Nope

johnnybyu

Mar 29, 8:29pm

In order to post, you will need to either sign up or log in.