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Deductions & credits
Thanks for your response. To further clarify my question, how does Turbo Tax breakdown between Cost and Land work? Is Cost the total price and Land a portion of the Cost Total?
I think FMV at time I converted to a rental was less than what I bought it for in 2007. Can I use the higher cost from 2007 since I am selling the rental for a gain?
March 1, 2023
12:52 PM