Investors & landlords

Hi Diane

 

Still working on it, I put in the asset like you said..

I was surprised to owe taxes on this asset?

my gross sales price  $23000.00

Cost of asset payed   $42448.00

Depreciation taken    $41669.00

Adjust Basis                      $779.00

total gain                      $22221.00

 

taxed                             $ 2303.00

 

If I entered things correctly?