When allocating your sales price across multiple assets, it's important you do it correctly. Basically, if you sold the property at a gain, then you must show a gain on all assets. Doesn't matter if the gain is $50K on one asset and $1 on another asset. A gain, is a gain, is a gain, is a.....
Likewise, if sold at a loss, then you must show a loss on all assets.
If you don't do this, then recaptured depreciation will be taxed incorrectly, and this is "NOT" an error the program will catch either.
