Just my basic info:
We sold one duplex rental property in July 2020 that we bought in 2014 for a taxable gain of almost $105,000.
We never lived in the duplex.
I did indeed enter the relevant information from the sale in the "sale of property/depreciation" section, but I was extremely confused when it asked me the cost "plus freight, installation..." (I mean what the heck why is this being asked about sale of real estate?)
Also this issue of "assets" - I mean it is a single rental property, am I being asked to break this down into appliances and retaining walls etc?
