revorgp
Returning Member

Investors & landlords

Let me try to clarify my previous response.

 

When edit the asset for Residential Real Estate, it lists the description, date places into service, asset type, cost, business %, and prior depreciation.  Business % is prepopulated at 6.00.

 

A few screens later I reach Sales Information > Asset Sales Price (Business Portion Only).  What do I enter here?  The price the home sold for?  Or 6% of the sales price of the home?