I sold investment land, how to I input expenses (such as maintenance & selling costs)?

bmeier · ‎June 3, 2019

Vanessa · ‎June 3, 2019

You don't enter these costs separately, they are added to the cost basis of the land. So when it is asking for your net proceeds from the sale you will deduct your adjusted cost basis from the total sales price.

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Vanessa · ‎June 3, 2019

You don't enter these costs separately, they are added to the cost basis of the land. So when it is asking for your net proceeds from the sale you will deduct your adjusted cost basis from the total sales price.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I sold investment land, how to I input expenses (such as maintenance & selling costs)?