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Investors & landlords
Your asset sales price is $275k. If there are closing costs, add them to the basis. You will have to estimate as best you can the land price. If land prices have not changed since 2011, use the same percentage that you used when your first started renting. If out of the $170 purchase, 20 % was allocated to land, do the same for the sale.
‎June 6, 2019
1:02 AM