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Investors & landlords
In many cases, the sale of rental property on IRS form 4797 Sales of Business Property will report the sale of the land in Part I and the sale of the structure in Part III. Is this what you are seeing? Have you allocated the sale of the rental property over the two business assets?
Or are you saying something else? Please advise.
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‎April 7, 2024
11:29 AM