New Member

Asset and land were combined when sold sales expense was for bot, how do I figure sales expense for land

How do I figure land sales expense
Intuit Alumni

Deductions & credits

You can look at your county tax assessment, to see how much of the total assessment they apportion to land and how much to improvements.  You can use the same percentage to allocate the sales price and expenses.

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New Member

Deductions & credits

What does this mean?  When you sell a house/rental all they give you is the sale price of the house.  What is the formula to figure this out?