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Investors & landlords
I agree with everything you said. However my problem was with the explanation of what to enter into the field called "asset sales price" When I clicked on that (in blue) for an explanation of what to put in that field, it said the "cash you received". I think this should be changed. Because the CASH I received when I walked out of the closing was $110,000 not the actual price for what it sold for. That was the net after all expenses and paying off the balance on the mortgage. Since posting this, I entered the price it sold for and than in the 'asset expenses' I entered all expenses minus the mortgage payoff. I believe that is the correct value that needs to be in there. What maybe better in the asset sales price explanation is to enter the 'sold price' or something like that.
Thanks for responding.