The only assets you need to allocate sales proceeds to are those that were depreciated separately from the residence. Usually these are improvements or major appliances. If you never reported these as separate assets, then you can report the sale of the entire property as one amount.
If you did report the assets separately, follow the previous instructions from Carl.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
