MGC94
Level 7
03-03-2023
07:20 PM
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I need help with sale of rental property.
Where do I report it?
Purchased 9/11/2007 for $169,900
sold 10/07/2022 for $185,000
Only 2 things were depreciated / on asset entry worksheet
The building since 2010 (still depreciating) and appliances since 2015 (finished). I know I have to add back in depreciation. How do I do the math or what am I supposed to do?
She did not buy a like kind exchange
This is my first rental sale without my mommom helping me.
Thank you for all your help!!
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