kwyp
Level 4
08-17-2024
08:48 AM
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When a rental property is sold, supposed it is sold with 1,200,000. Does it need to split two parts on Form 4797? Supposed the price split as below:
1. ) Land selling price: 400,000
2.) Building selling price: 800,000
Where to obtain the above data? Does it search from final settlement statement, or from the county website which you pay property tax?
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