- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
This is the only Rental asset. The calculation on Form 4797 Line 21 for Cost or other basis plus expense of sale is $26,889. This is Purchase Price of $43,110 plus sales expenses of $669 less $16,890. Why the deduction of $16,890. Depreciation is taken on Line 22.
‎April 9, 2020
3:23 PM