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alcaushi
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

 
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DS30
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

Since Condos usually have no land associated with the property, you can just leave the land information blank or enter $0.

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6 Replies
alcaushi
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

So for land I enter 0 and for the cost, I enter the original purchase price of the condo, correct?  Thanks!
DS30
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

Was the answer not complete?
DS30
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

Yes the entire amount of the purchase price will be fully allocated to the building condo cost.
alcaushi
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

ok, thanks!
DS30
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

you are very welcome 🙂
DS30
New Member

For all of 2017, I rented my condo (used to live there for all of 2016). What should I put under Cost/Net of Land?

Since Condos usually have no land associated with the property, you can just leave the land information blank or enter $0.

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