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Investors & landlords
If you look at the land/house ratio you used to set up the asset for depreciation you can use the same ratio for the sales price & cost of sale.
If you have not been depreciating the home then RUN to a local tax pro to get this major error corrected. The form 3115 is not a DIY project.
‎April 9, 2021
5:57 PM
1,098 Views