I followed your directions for sale of my rental property, but not seem to be getting a higher income amount and thus higher tax liability. I converted our property to a rental home and the FMV was $160,000 at the time, yet paid $305,000. I did as you said to use the Sale of Business or Property, but I must be doing something wrong as the amount showng as income for 2020 is $315,290. Basically the cost was $305,000 and depreciation was $50,270. There were $20,125 in selling costs. what are the section 179 and 1231 losses? I think I'm not getting those right. My gain should be $85,145 or there abouts
