Thank you @Carl .
As far as this property, I have two asset entries; one line item for the property (asset & land) and one line item for the new roof. Based on your response, I should have/ add another asset for the sale of the property. Is that correct?
I guess there's only one item for the property because I only tracked depreciation of the asset, not the land.
This still leaves the roof asset.
So I sold the house for 432K and paid 23k in fees. Based on my property tax bill, the land is valued at 20%. My plan is to allocate 80% of the gain and fees to the asset and 20% to the land. Should I 'sell' the roof for a $1 since it's part of the house and lose the remaining depreciation?
