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Investors & landlords
Thank you for the information. This kind of answers my first question. It seems quite likely that allocating the selling price between land and structure may indeed impact the amount of taxes I owe. This brings me to my second question which is still not answered. If the selling price allocation must be entered into TT, then why was it recommended by @LeonardS to leave those boxes blank or enter zero? Just want to make sure I fully understand this.
Thank you!
March 14, 2022
11:57 AM