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K46732
Level 2
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  • Re: Sale of rental property

    ok and the:asset expense of saleland expense of salewould follow the same percentage:(13.33% land + 86.67% building = 100%)if I had 10,000. expenses from the sa...
    K46732
    1
    Updated Apr 12, 2022

  • Re: Sale of rental property

    ok that makes sense, so using your example --are the numbers I typed below correct?(In my example if the total sales price was $100,000 and the land is 13.33% t...
    K46732
    3
    Updated Apr 12, 2022

  • Re: Sale of rental property

    multiply? do you mean divide? multiply gives me like 8.7 million, if I divide I get the $87,125. number, which seems really high?
    K46732
    5
    Updated Apr 12, 2022

  • Re: Commercial Rental Property Sale Breakdown

    Ok, thank you.If I co-owned (50/50) the property, I assume I just claim my half of the proceeds?Also, the lot had been purchased by a relative and a partner, 30...
    K46732
    1
    Updated Mar 11, 2022
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