Sale of Rental Property

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May 12, 2007, 04:49 PM

rjpdance

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Join Date: May 2007

Posts: 1

Sale of Rental Property

Sale of Property 79,000
Cost Basis 40,820-
Depreciation 717

Profit on Tax return 38,897

Amount received from escrow/Directly deposited to another CO 57,351

How do I enter this Journal entry in the Books

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