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Updated about 4 years ago, 12/17/2020

User Stats

82
Posts
13
Votes
John Chapman
  • Investor
  • Pullman, WA
13
Votes |
82
Posts

Separate out personal property from real property on purchase ag.

John Chapman
  • Investor
  • Pullman, WA
Posted

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?