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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?
‎April 10, 2022
1:50 AM