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brady6102
New Member

Asset and land were combined when sold sales expense was for bot, how do I figure sales expense for land

How do I figure land sales expense
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Accepted Solutions
IreneS
Intuit Alumni

Asset and land were combined when sold sales expense was for bot, how do I figure sales expense for land

You can look at your county tax assessment, to see how much of the total assessment they apportion to land and how much to improvements.  You can use the same percentage to allocate the sales price and expenses.

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2 Replies
IreneS
Intuit Alumni

Asset and land were combined when sold sales expense was for bot, how do I figure sales expense for land

You can look at your county tax assessment, to see how much of the total assessment they apportion to land and how much to improvements.  You can use the same percentage to allocate the sales price and expenses.

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

View solution in original post

Event_Horizon
New Member

Asset and land were combined when sold sales expense was for bot, how do I figure sales expense for land

What does this mean?  When you sell a house/rental all they give you is the sale price of the house.  What is the formula to figure this out?
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