Ripping my hair out here. If I sold a rental property we have owned for 8 years and have reported as such, why do I have to add it as an asset and then show it as sold. Did I miss something? Also there were assets (ie., appliance) and improvements (kitchen remodel), all of these assets were sold as part of the property. Do I just indicate "sold" at 0 value and 0 expense? How can you show a loss or a gain on something that was part of the rental property sold?
Thanks
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