did you receive a 1099-S for each sale? was the holding period for both short-term? assuming no depreciation was allowed or allowable
a) if you didn't get a 1099-S and the holding period on both sales was short-term just report it as one sale - use the latest sales date
b) if you did get 1099-S and the holding period on both was short-term you should report separately . one way to split the cost is sales price for one divided by sales price for both times the cost
ie 110/230*200
and 120/230*200
c) if one is short-term and one is long-term you can either use method under b) or you get an appraisal of the cost to assign to the first sale. the rest would go to the second sale.
