A designated Roth contribution is a type of elective deferral that employees can make to their 401(k), 403(b) or governmental 457(b) retirement plan.
this is just a quicky idea, but slowly developing, and would love to hear some advice. Block of land (800 sq meter) -roughly $550K (Zoned as 2B residential). Build cost â $400K (300 sq meter of duplex). one can be sold at $650K.
Hello all, I am trying to figure out how to fill out form 4797 for the tax year 2013. The duplex was purchased in 2007 for $240,000 and sold in 2013 for $251,900. It was used as a rental property the entire time and was never owner occupied.Here are the facts............he sale of the house goes in Part III of the 4797 as a Sec. 1250 Property. The sale of the land goes on Part I of the 4797. It gets combined on line 13 of your Form 1040 as a capital asset. So the answer to your last question is this does count as two sales on your 4797, but one as a Schedule D capital asset.