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Business & farm
I would add that you may have entered the (solar?) improvement as a separate asset, in which case you would need to report that as sold as well and allocate a portion of the selling price (46,000) to that asset also.
Additionally, you may need to check if "Bonus" depreciation or Section 179 deduction was ever use for either asset.
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‎January 28, 2022
12:17 PM