Tracy Lee Posted April 3, 2019 Report Posted April 3, 2019 Just clarifying for this very tired brain......Commercial rental property (buildings) is 1245 property and the land is 1250? Or am I backwards? Quote
Tracy Lee Posted April 3, 2019 Author Report Posted April 3, 2019 So in my bulk sell I can put them all together? I was told earlier that in ATX I had to separate them Quote
BHoffman Posted April 3, 2019 Report Posted April 3, 2019 I don’t use ATX so cant help you there Quote
jklcpa Posted April 3, 2019 Report Posted April 3, 2019 20 minutes ago, Tracy Lee said: So in my bulk sell I can put them all together? I was told earlier that in ATX I had to separate them They're both sec 1250 property, but you have to separate them because the building is depreciable property and the land is not. 4 Quote
Abby Normal Posted April 3, 2019 Report Posted April 3, 2019 1 hour ago, BHoffman said: I don’t use ATX so cant help you there It doesn't matter what software you use, land and buildings go in different places on the 4797. 2 Quote
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