So the total of the "Credit" column is the sum of those amounts. Shouldn't we just make that the selling price?
Yes.
Please explain why that's the appropriate choice.
It's *A* choice. You asked a question, and provided one of many possible responses.
BTW, we never claimed any depreciation on the property; it was inherited just a few years ago.)
Did "you" rent out the property after you acquired ownership of it? If not, then no problem. If you did rent out the property, then you have a big problem. You are required by law to depreciate rental property starting from the time it's placed in service. If you did not, then "run" to a tax pro for help.
