ColeenD3
Expert Alumni

Investors & landlords

You had one purchase price that included everything, the building and all the appliances. Your appliances were fully depreciated, so they had no value. You have the choice of isolating each appliance, give it a zero basis and isolate a portion of the sales price to the appliance. I do not recommend this.

 

The issue of the appliances is already taken care of. They were included in the sales price. You don't need to do anything.