What Contract Price Do I Use for the Rental Asset "Cost?"

[Porsche993]

I'm starting to fillin the Capital Gains Tax data in TT and I don't know what price to use from the contract.  The choises are: Contract Sales price, Gross Amount Due From Borrower, Gross Amount Due to Seller, Total Paid by/For Borrower or Total Reduction Amount Due Seller?  

Thanks,

Kenneth Sibert

[DaveF1006]

To clarify, is this an installment sales contract where you expect to receive payments over a period of time? 

[Porsche993 · Accepted solution]

Hello Dave, the data fields that I referenced came from the original sales contract that was used to purchase my rental home.   Nonetheless, I was told to use the Contract Sales Price.  

Thanks,

Ken