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Investors & landlords
After thinking about it, the last section of my last comment about "capital" versus "ordinary" may be wrong in your situation (I shouldn't be answering questions right before going to bed).
Because the improvements are being transferred to the landlord, I don't think that is considered an "abandonment", therefore entering $0 as the sale price for a capital loss would be the correct method.
March 17, 2022
7:46 AM
2,583 Views