@Carl my FMV is 205,000 150,500 house and 54,500 land.......my original purchase price is $280,000 so 74,200 land and 205,800 house. I was going to do it your way and put it under the sale of business or rental property. However after reading the internet you have to make sure that section 1250 of form 4797 is filled out for depreciation recapture. When I put it under the sale of business or rental property it does not fill out section 1250.
