@AmeliesUncle
Yes, I entered the sale under the rental section.
Wages & Income -> Rental Properties & Royalties ….-> Sold
Special Handling: answer "NO"
Sales Information
Enter the following information about the sale of this asset. You must divide, or allocate the sales price and expenses between the land and the asset (improvement) based on their fair market values.
Asset Sales Price (Business Portion Only) _________
Asset Sales Expenses (Business Portion Only) ________
Land Sales Price (Business Portion Only) ___________
Land Sales Expenses (Business Portion Only)___________
So, instead of answering 100% sales price, I should have entered 27%?
Thanks.
