K6 - Sale of cooperative apartment, the Sale/purchase tab

Under K6 - Sale of cooperative apartment, Sale/purchase tab, you enter the information concerning sales and purchases of the cooperative apartment. If you have been the sole owner of the cooperative apartment, you must select that the amounts on this tab are Individual. If there are several co-owners who have sold the cooperative apartment jointly, and you have a common purchase price and common costs of improvements, select Common for all part-owners and fill in the amounts that apply to the entire cooperative apartment.

If you have sold the cooperative apartment jointly, but acquired the shares at different purchase prices and/or must report cost of improvements at different amounts, you must report the amounts that apply to your share (your individual (personal) amounts). The same applies if not the entire cooperative apartment is sold, but only your share. Then enter the amounts as Individual.

On this tab, you also enter the percentage which you owned immediately before you sold the cooperative apartment. You must do this regardless of whether you report individual or joint amounts.

The sales price from the purchase contract must be stated here, as well as your sales expenses, such as brokerage fees and advertising costs. You also enter your share of any inner repair reserve at the time of sale.

You must also enter the purchase price, including transfer fee, entrance fee, purchase commission or similar expenses. If you received the cooperative apartment as a gift, through inheritance, will or division of property, you must enter the previous owner's purchase price.

If you use the cooperative apartment's share of the cooperative apartment association's retained assets 1974-01-01 as the purchase price, you first multiply it by 1.5. If you use this option as a purchase price, make sure to select it since this information is needed on form K6.

You must also provide information on any capital contributions made, as well as a share in the inner repair reserve at the time of purchase. Information about this is normally available on the statement of earnings and deductions.

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