Ok, thank you.
If I co-owned (50/50) the property, I assume I just claim my half of the proceeds?
Also, the lot had been purchased by a relative and a partner, 30-40 years ago - they then built to spec, a building, that they rented to a commercial retailor. After the partner passed away, I bought his half. So my question is: do I still list sale proceeds under asset sales price (building) or include land?
