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Sale of rental Property with other improvements
I've sold a rental property. Nothing special. It appears that it is not capturing the separate improvements I had in the years of ownership.
Questions:
Is turboTax supposed to grab that information for cost basis?
Do I need to "sell" each item tied to the property?
Does the ratio of land to property remain the same as originally layout when purchased? If I mad sales costs related only to the building to they still get split over the land expenses also?
Topics:
‎December 24, 2020
10:39 AM