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Updated almost 2 years ago,

User Stats

209
Posts
37
Votes
Adam Roberts
  • Investor
  • Fort Worth, TX
37
Votes |
209
Posts

Quickbooks & property appreciation

Adam Roberts
  • Investor
  • Fort Worth, TX
Posted

Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time?  It would be nice to have an accurate picture of total portfolio value on the books, and I know to change asset value requires more than just 'changing the number' in Q.B., but what gives?  I suppose I can live with a more modest/conservative value in the balance sheet for now.  But what about 15+ years down the road...? Wondering if I am the only one keeping my property values steady on the balance sheet.....

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