- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Your cost basis is what you paid for the property ($370,000), plus improvements, less depreciation. You will have two separate transactions to report: the land and the building (and if you capitalized any improvements to the property you'll have a transaction for each on those). You will have to allocate the proceeds between the land, the building and if applicable the capitalized improvements.
‎June 3, 2019
11:25 AM
2,898 Views