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Sale of Rental Mobile Home
I own the land that a rental mobile home sits on. I sold the land and mobile home this year. However, when allocating the sales price and expense to the mobile home asset, I noticed on the depreciation schedule there is no cost basis for the land. (I know land isn't depreciable.)
Where can I record the land portion of the sale? I need to edit/enter the cost basis for the land and its percentage of the sales price and expense.
‎April 12, 2025
10:21 AM