This calculation is way higher than I would have expected. My original purchase value is $116,000 from 2009. My property sale price was $140,000 on 11/6/2017 with $3638 depreciation. Yet the calculation shows a $21,906 loss. On form 4797, it shows in line 2f a cost or other basis of $176,183 for structure and $19,938 for land. I have no idea where these numbers are coming from. What is this calculation being based on? What do I need to edit to represent the actual numbers? Thanks.
