Carl
Level 15

Investors & landlords

So that it's actually done correctly by the program, you need to allocate the structure sales price across all SEC 1250 depreciable assets. Just keep in mind that if you sold at a gain, then you must show a gain on all assets - even if that gain is only $1 on some assets, and thousands of dollars on other assets.

Likewise, if you sold at a loss then  you must show a loss on all assets.