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ypsiCPA

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ypsiCPA

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Re: omegahpla post# 406

Tuesday, 12/29/2009 12:56:18 PM

Tuesday, December 29, 2009 12:56:18 PM

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If you have a Schedule C for your realtor business, expenses related to that go there. But investment expenses will go on Schedule A - don't put on your realtor Schedule C!

No, wire transfer fees are not an adjustment to basis. Generally your basis will be the net on the purchase confirmation.
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