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Investors & landlords
I do not quite understand the answer. I am talking about a rental property sale, where I have some partial home sales tax exclusion. TurboTax (TT) requires separate entries for land and house. Are you saying that I should add the house and land parts and put that as one entry? But, when the property was put into service, I had to break down the value into land and house values into TT. I think this allows TT to determine land gain and house gain. Please, elaborate on your approach.
‎April 13, 2022
5:28 PM