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Get your taxes done using TurboTax
Yes I did. Use that? The property is up substantially so using that price would seem off. And when I do, substantially increased taxes due. Very little depreciated in first (and only) year of ownership, so wouldn't think recapturing it would make 90% of profit ordinary income versus being long term cap gain. Seems no good figure for the land sale price
‎September 6, 2023
8:08 AM