@AmyC i attempted to calculate land sales and expenses as you suggested and my sales price actually went down. here's why...i took the pct of land as it relates to my original total costs. i.e. 19%. Original total costs ($189K) included all assets, i.e. cost of home, land ($36K) and capital improvements. Gross sales of property was $184K (which is obviously less than my total original costs of $189K). So I applied 19% to the $184K and it obviously resulted in a lower land sales price ($35,048 vs, $36K). What am I doing wrong?
