Mar 29, 2025
3:52:11pm
cougarblue All-American
Need tax advice on sale of rental property
I sold our property in Orem. It had a mortgage that I paid off when I sold the home. I also put in a bunch of money to get it ready to sale like fixing the roof. I got a 1099-S from the title company but that only has the full purchase price of the home on it. How do I do taxes so I only pay on the income after I paid off the mortgage and expense all the repairs? I've heard a few different things, it's confusing.
cougarblue
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cougarblue
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Apr 1, 2025
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