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The "Asset Sale Price" for the sale of your rental property will be the sale price that the property sold for. The % of years as a rental has no bearing on the sale price.
When you converted your personal home to a rental you established the cost basis of the rental property at the time of the conversion. You will use this basis adjusted for any capital improvements to calculate any gain or loss on the sale of the property.
The "Asset Sale Price" for the sale of your rental property will be the sale price that the property sold for. The % of years as a rental has no bearing on the sale price.
When you converted your personal home to a rental you established the cost basis of the rental property at the time of the conversion. You will use this basis adjusted for any capital improvements to calculate any gain or loss on the sale of the property.
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