Omygosh, this sounds so tedious, detailed, and complicated! But thank you so much for taking the time to write out such a detailed response.
I'm unclear still, however, about the allocating the non-land proceeds part. I have a list of like 15 items I've been depreciating all along. And I sold at a gain. Would I, like, pick a price something higher than what my depreciation table says it's work and then keep track of all these 15 asset selling prices and deduct that from the total selling price I put on the property itself? (Oy)
