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Investors & landlords
Thank you for you reply.
TurboTax calculates that my business percentage for the asset is 6%. Can you confirm that for the Sales Price and Sales Expenses, I should enter 6% of the Sales Price and Expenses respectfully (if sales price was $100, I would enter $6)?
Another follow-up question - for the work that I completed (new carpet, etc.) after the tenants moved out - do I add the cost of that work into the cost basis (purchase price) of the home?
‎April 7, 2022
8:33 AM