TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


TaxMama s Tax Quips Possessed and Repossessed

January 14, 2010

Today TaxMama hears from Mike in Colorado who can’t find an answer. “IRS Publication 537 has a section describing how to calculate a gain, and your new basis, when you repossess real estate. But all the examples, and the instructions describe how to