where is the investment vs residence chart?

[Unregistered]

It was in the quickfinder, can't find it in the deluxe book, already threw out q/f.
It was a nice chart on what was capitilized & deducted for buyer & seller of investment property vs residence.

[Unregistered]

charts

Try this for the answer, read the fourth or fifth one down.

http://www.thetaxbook.com/forums/showthread.php?t=791&highlight=Editor

[Unregistered]

thanks, i found that one, just thought there would be that chart.
kleinrock ripped off that chart word for word last year.
i loved that chart.

and what about settlement costs on investment property?

[Bees Knees]

It was in the quickfinder, can't find it in the deluxe book, already threw out q/f.

Why would you throw away your Quickfinder?

[Unregistered]

it was actually 2 yrs old, used kleinrock last year.
couldn't wait to part with some of this crap.

[Bees Knees]

Most people who frequent these threads are Quickfinder fans dating back many years. We do not consider them to be “crap.”

[Unregistered]

relax, crap, as in old duplicate stuff.
spring cleaning, etc.

[Matt Sova]

Old Reference

I keep all of my old reference materials including the old QF. I can't even keep all of the current year's tax laws in my head, what makes me think I can remember what they were in 2001?

[Brian EA]

I keep all of my old reference materials including the old QF. I can't even keep all of the current year's tax laws in my head, what makes me think I can remember what they were in 2001?

I remember a few years ago a client received a letter from the IRS requesting copies of tax return for the last 7 years. This client never filed a return for those years and he could not find someone who will do the return for those years that exceeded the statute of limitation. A friend referred him to me. It was a breeze. I have all my package X copies from 1986 and quite a few years quickfinders. As matter of fact I still have them in storage. Of course if you do not have room to store them it is a different story
It is not advisable to dump reference materials .As Matt says you cannot keep all that stuff in your head

[Bees Knees]

In 2011, a good number of tax rules passed since 2001 will revert back to the rules in effect prior to 2001, unless Congress extends those rules. Of course those in charge of updating TTB will have to resurrect the old rules and update the book accordingly if Congress does not get their act together. It helps to keep a historical perspective on the rules.