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Investors & landlords
I thank you and have another question: In filling out the sales info for selling the condo in Sept of 2020, it asks that I only put the business percentage portion of the sales prices and the business percentage portion of the selling expense but then shows a very large gain. Ultimately, we didn't make any money on the property overall based on everything we put into it over the years along with passive losses for the 8 years we owned it. We were also hit with a large assessment this year and one for several years ago and I can't see how to add that to my basis?
March 16, 2021
4:30 PM