How would I allocate my sales price among my biggest asset items? For example If one of my biggest asset items was the "new building" would I take the the depreciable basis of $192,807 - total depreciation taken (89,765 prior + $4,319 current) = $98,723? And then insert this $98,723 into the "Sales Price (business portion only) field? Not sure how to allocate my $400,000 sales price among my biggest asset items, figured I could only do it on depreciation not taken. thanks
