- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Since you sold at a gain, the selling price of each asset must be "at least" $1 more than it's cost basis. Period. Otherwise, all prior depreciation taken on the asset will not be recaptured. When you add up the selling price of all assets, that has to equal your total selling price as shown in your sales contract.
‎February 6, 2022
10:57 AM