TaxGuyBill
Level 15
06-10-2020
10:29 AM
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@George4Tacks wrote:Consider it the sale of "small portion of total property."
If I remember correctly, unless you can identify the Basis of that specific piece of property, doesn't it just reduce the Basis of the entire property? So the current year won't show a gain or loss.
Or am I mixing that up with something else?