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Trying to input sold rental property, calculation looks incorrect
Why when I input the sale price of the property, it does not deduct the base price originally paid? It calculates tax on the total selling price of the house instead of the difference.
Also, before selling the house, we made a lot of improvements to the house. Nowhere do we see any sections that allow us to enter expenses incurred, such as pouring a new patio, redoing the roof, etc.
Where should we be finding these fields in the program? Any and all efforts would be very much appreciated!
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‎April 11, 2023
3:20 PM