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Investors & landlords
I sold my town-home rental property for $140,000 in 2019. It was purchased in 2014 for $89,900. At the time of the purchase, I allocated a certain price for the land (19,900). Now, working through the Sales information for my 2019 taxes, I am asked for asset sales price and expenses and Land sales price and expenses. How do I allocate the prices?
‎January 22, 2020
9:12 AM