Under "Sales Information" there are four lines to enter info:
1. Asset Sales Price (business portion only)
2. Asset Sales Expenses (business portion only)
3. Land Sales Price (business portion only)
4. Land Sales Expenses (business portion only)
What is the diff among all these? Say I sold my rental property in question for $500.00
And it cost me $350 to get the place ready to sell (e.g., painting, counter replacement, replacing appliances, hiring an interior designer, etc...) - I'm assuming I enter $500 in line #1 and $350 in line #2.
?????
Then what do I enter in Lines #3 and #4?
Thanks in advance.
