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Rental Property Sale
Sold rental property 11/1/2021. Acquired via inheritance 1/14/2000. Basis is 140314 with gross proceeds of the sale at 235000. There was rent received during the first 10 months of 2021 before the sale. There were expenses associated with the sale including an engineering survey pre-sale, realtor commissions, title insurance and closing costs. Are any of these deductible and if so, where do I record those and the sale in Turbo Tax Premier?
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‎January 19, 2022
10:57 AM