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Get And Sign Irs Form 4797 2017-2021

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Music how to report the sale of a US rental property hi my name is Alan Madden from Madden Chartered Accountant in today's video I will show you how to report the sale of a u.s. rental property on a US tax return before watching this video I recommend that you watch my two-part series how to prepare a 1040 non-resident tax return for US rental properties let's look at the example of Justin trupo a Canadian resident who owns a US rental property he purchased the property in 2014 for $100,000 he sold the property on December 31st 2016 for $130,000 Justin paid a commission of 2002 as a real estate agent for selling the property at the end of 2016 justin has claimed total depreciation of ten thousand six hundred and six dollars since he purchased the property justin has to complete form four seven nine seven sale of business property on page one of this form he should write his name at the top in his US tax identification number on page two Justin should write a description of the property

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