Deductions & credits

@DianeW777  i really appreciate your help and patience.

I was reacting to @AmyC  who I believed suggested/implied that it is unrealistic that the land decreased in value from 2006 to 2021 and a better it would be more realistic if I showed land increasing in value. And then she went on to explain that the land increases and therefore the house value would decrease (keeping total gross sales at $184K). But if I increase land value and decrease house value, then it also shouldn't make sense that the house value decreases from 2006 to 2021 (unless I misunderstood her point).

 

You stated Building sale: Selling price - selling expenses - cost - depreciation = Net gain...shouldn't depreciation be added (Selling price - selling expenses - cost + depreciation = Net gain)?