lbeachmike
Returning Member

Investors & landlords

I've noticed that for sales price, regardless of the allocation between house and land, there appears to be no tax impact (for me)

 

I've also noticed that for sales expense, regardless of the allocation between house and land, there appears to be not ax impact (for me)

 

What is expected to be the effect of allocating these (versus allocating everything to land, or 50/50, etc) ?