Thanks@Carlthis makes sense. It seems to me that the allocation process that turbotax has you go through is completely pointless and only introduces errors and ...
Given the increases in property values in many parts of the country that is not an insane example and is not far off from what I am looking at. In your scenario...
It did make a big difference. The property I sold was essentially a tear down and about 50% of my basis has been depreciated. It is in an area that saw substant...
