- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You're over thinking it. Net Proceeds is the total sale price. Period. Nothing more, nothing less. If I sold the land for $6000.00, then my net proceeds are $6000.00. It doesn't matter what I paid for the land, or what deductible expenses in incurred in the sales process. I still sold the land for $6000.00. Period.
May 31, 2019
7:47 PM