Solved: Sale of Rental (business) Property - What lines from the HUD1 to use?
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Sale of Rental (business) Property - What lines from the HUD1 to use?

I sold a property which was purchased in 2006, used exclusively for personal use until August 2011 when it was converted to be exclusively used as a rental (business) property.  It was sold in June 2018.

What lines from the HUD1 should be used to determine the sales price (line 401, 420, or something else)?

What lines from the HUD1 should be used to determine the sales expense (is it everything from page 2 of the HUD or only portions of it, if so which lines specifically)?


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Sale of Rental (business) Property - What lines from the HUD1 to use?

You will start with line 420 on the HUD statement as the sales price.

If you were the seller, your sales expenses would be found in the "Paid From Seller's Funds at Settlement" column, Page 2, line 1400 of the HUD-1 statement.

If you have other questions about this, ask in the comment section below.

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New Member

Sale of Rental (business) Property - What lines from the HUD1 to use?

You will start with line 420 on the HUD statement as the sales price.

If you were the seller, your sales expenses would be found in the "Paid From Seller's Funds at Settlement" column, Page 2, line 1400 of the HUD-1 statement.

If you have other questions about this, ask in the comment section below.

View solution in original post

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