Turbotax is NOT accounting for something somewhere in my 50% allocation (own with a partner). When I include zero land value in the sale and all in the assets, it shows profit of around 400K which is accurate. However, when I insert the land value (original from when I first set it up, it shows profit of 798k which makes no sense. Even recaptured appreciation of one year doesn't account for that. So still confused. Probably have to put call into TT to straighten it out unless someone can explain to me.
