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Investors & landlords
I am also in the same situation of a 2019 sale of a rental property and based on instructions, have added all of the items I purchased as assets and listed assets price and assets sold as $0 since those items were sold with the property. So am I doing this wrong?
Also, I understand that I can add certain charges on my HUD statement at the time I purchased the property towards the cost basis to lower my capital gains. So do I add these charges to the original price of the property when I purchased it?
‎June 29, 2020
2:41 PM