I sold a rental unit in 2023,
I allocated the sales price to all the assets
there is the building plus 2 separate renovations, some Railings, new A/C
All assets were coded as asset type I - Residential real estate
When I allocate the sales price, the two Renovations are showing up on page 1 of 4797
Not on Page 2 which will handle recapture.
Both renovations were Purchased in 2018 and 2019, All the other asset are before 2018
I dont understand why these 2 renovation values are on Part 1 while the other 5 assets associated with the
sale are on 4797 page 2 .
What would be my data entry mistake?
