This is easier/simpler than you think. I see this all the time, as most tend to over think this. So let me assist you with that light bulb illuminating over your head, if I may please. Since you only have two assets listed, this will be quick and easy. Here's all I need to know.
- In the property itself, what amounts are in the COST box and the COST OF LAND box?
- For the roof, what's the cost basis of that asset?
- What is the total sales price as shown on your sales contract?
