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I split 1/3 of land off and left 2/3 with a house on it. Orig. cost basis of total property was 65667. Sold 1/3 for 5K and 2/3 for 65K. What is cost basis of 1/3 parcel?
brokenman37
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I split 1/3 of land off and left 2/3 with a house on it. Orig. cost basis of total property was 65667. Sold 1/3 for 5K and 2/3 for 65K. What is cost basis of 1/3 parcel?
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TurboTax Premier Online
‎June 3, 2019
12:23 PM
