DoIreallyneedto addausername
Level 1
04-23-2021
11:11 AM
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Client sold a rental property consisting of land, building and improvements. Getting critical diagnostic:
method differs from main asset of bulk sale in which it is included....should be input as separate asset.
Questions:
Is bulk sale the correct way to book?
If I sell improvements separate from land/building, how is purchase price allocated?
Is there something else I'm missing?
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