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Investors & landlords
How do you have your Assets set up in the Rental section? If you have them each set up individually as House, Land, Refinance Fees, then you need to 'sell' each of them and report a Sales Price for each of them.
If you only have the Rental house as an asset, you could apply the entire sales price it.
It's better to do this in the Rental section interview, rather than making entries directly on Form 4797 in Part I, item 2, where all items related to business are listed.
Click this link for info on How to Report Sale of Rental Property.
@gjgogol
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March 21, 2022
1:00 PM
4,896 Views