woody726
Returning Member

Investors & landlords

Checking for understanding: Values according to my Depreciation Report....

125,000 Land                = 31.70% 

101,588  House              = 25.75%

$167,834 Improvements  = 42.55%

394,422  Total                 = 100%

 

First entry (after the house itself) is pool revo 9/5/2003 for $4703. If I understood you correctly, I would divide $4703 by $167,834 to get 2.8%.  Then multiply 2.8% by the sales price of house only or total sale price?  That would mean the sales price of the pool renovation was $17,892 (if I use total sales price)??? That seems really high.  When I did that, the current "refund" amount dropped by like $3k...and I still have lots more "assets" to sell, for instance interior update for $73,966