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Commercial rental real estate sold Are any of the selling…

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Commercial rental real estate sold...
Commercial rental real estate sold Are any of the selling expenses deducted on the final 8825 (Partnership) Rented the building for six months before selling. I understand that they are on the 4797.
Submitted: 2 years ago.Category: Tax
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Answered in 1 minute by:
3/7/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
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Selling expenses are actually added to the basis - and not deducted as rental expenses.

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Customer reply replied 2 years ago
Thank you
Tax Professional: Lev, Tax Advisor replied 2 years ago

On form 4797 - see column (f) Cost or other basis, plus improvements and expense of sale

So add sale expenses to that place,

Let me know if you need any help with reporting.

Otherwise...

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