Also, @maglib, I was curious if you know the answer to this. After my renters moved out I removed the property from the rental market at 6/30 in order to sell (...
I hear you about exceptions to every rule and in my case it appears I ignore the original cost. I found this reg which directly addresses my issue <a rel="nofol...
Additionally when I pull up the Investment section in TT it specifically says not to report sales of business or rental property in the "What's not included in ...
Thanks for your response Carl. Page 4 of IRS Pub ( <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p544.pdf">https://www.irs.gov/pub/irs...