- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sold investment land, how to I input expenses (such as maintenance & selling costs)?
Topics:
posted
June 3, 2019
11:37 AM
last updated
June 03, 2019
11:37 AM
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sold investment land, how to I input expenses (such as maintenance & selling costs)?
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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 3, 2019
11:37 AM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sold investment land, how to I input expenses (such as maintenance & selling costs)?
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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 3, 2019
11:37 AM
Still have questions?
Make a post