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Get your taxes done using TurboTax
Thank you so much. That makes good sense that the assets would not be worth what they were when we installed them, so I can make a better judgement on what the Sales Price for each would be. I noticed that does make a difference in the total of gain when I put nothing in the sales price field. The Gain went up. Should I include some of the sales expense in the individual assets as well, spread that over all the assets? The post above mentions a formula that does that. But ultimately, the sum of all of the assets "Sales Price" should equal the total sold price of the condo, $500,000, correct?
‎February 21, 2022
12:43 PM