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Investors & landlords
Thanks for the clarification.
What about the improvements that had been made in order to the property prior to renting it out? I depreciated these assets in 2020 and 2021. In your earlier post, it seems as though you can declare them to be sold - presumably on the date the house was sold - and these are treated as a kind of deduction.
If these assets are sold with the house, is the Asset Sale Price supposed to be 0?
Thanks
KD
May 27, 2023
1:48 PM