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Level 2
Apr 5, 2025 10:32 PM UTC
Question

Asset disposition

I separated the land from the house during asset disposition interview. There was a yes/no toggle. So I have the actual house and the land as separate line items on the asset disposition form. How do I get the toggle back to unseparated them?

 

Also where is the correct place to enter the disposition of just land? I had a sale with two parcels one had the house the other parcel was a lot.

1 reply

KrisD15
Alumni - Intuit
Apr 8, 2025 11:19 AM UTC

Was the vacant lot part of the rental?

 

For the land with the rental house, you can allocate part of the sales proceeds to that parcel of land and the remaining sales proceeds to the building and any additional assets added to the rental. 

 

If the lot was separate, enter it as a separate sale. 

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