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Updated about 4 years ago, 12/17/2020
Separate out personal property from real property on purchase ag.
I purchased a property a couple of years ago. I expensed the personal property-- appliances, flooring, window coverings,etc. I am now selling this property and want to know if I should have the personal property amount separated out from the real property on the purchase and sale agreement. Would that help me reduce my taxes?