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Financial Planning / Tax Strategies


Subject:  Re: inheritance of house - sale Date:  1/13/2013  11:21 AM
Author:  vkg Number:  117361 of 127753

Yes. Oddly, the first ones had no taxable income and now the one for 2012 does. I plan on calling the CPA to find out why. Personally, I don't think he knows exactly what he is doing!

Just because taxable income is different doesn't mean that the CPA doesn't know what he is doing.

The simplest explanation maybe that the rent has increased. There may have been repairs or other non-reoccuring expenses that aren't depreciated.
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