I have a follow up question. First of all, thank you for the example listed above. It helped out tremendously. I was able to divide the sales price among all the assets. One question I do have is the last column - Cost of Sale. That is 10% of the original cost basis - does that appear on Form 4797 anywhere or do I add that to something else? And where was the 10% derived from?
I am honestly trying to understand all this, so if I shall do this again, I better prepared.
Thank you Critter-3!
