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Get your taxes done using TurboTax
Hi Amy,
I'm trying to follow these steps for my 2021 return but when I get to your last step - "Sales Information" - I don't have those 4 entry boxes where you can break out Asset Sales Price and Expenses and Land Sales Price and Expenses separately. I only have 2 entry boxes, one for Sale Price and one for Sale Expenses. Is that because I am using TT Premier and not TT Home and Office?
In any event, for Sales Price do I enter the full sales price which included the land ($485,000) or can I apply the same percentage breakdown for the house (i.e. "Structural Improvements") as is listed on the county property tax bill which is .634, making the Sales Price $307,567? ($485,000 X .634)
March 5, 2022
4:45 PM