Re: page 4-16 of The Tax Book--2008 Tax Year, 2nd col., Real Estate, Example:
And top of pg. 4-17, Apparently $150,000 of the allowable deduction is a capital gain and subject to the 30% AGI limitation. Is my analysis correct?
And top of pg. 4-17, Apparently $150,000 of the allowable deduction is a capital gain and subject to the 30% AGI limitation. Is my analysis correct?