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Investors & landlords
When I entered house and land purchase price together, and the land allocation also, do I put the sale price of both % for land and house in that asset, and the % of sale price for the rest of the items separately? Turbotax didn't like me putting land on its own since it is not depreciated. Also, if an item is fully depreciated, does it still need a value from the sale? It is part of the ratio of the basis.
‎October 10, 2021
5:46 PM