In some cases, sale of a rental could be considered a business, therefore the 40% deduction would be valid. I received an update today 2/27/26, with a new "Tota...
Thanks for your thorough response on this. I do believe the value of the land represents ~30%. Formula for this was: New Property Land Value/(New Property Basis...
Thanks for your response on this. I have some more analysis info:On the old property and the new property, the value of the land was not entered into TurboTax, ...
