Clinet sold house at loss. He said he did not get a 1099S. TB 6-22 says you do not have to report sale. What you say.
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No gain, no 1099, no need to report. I agree with the TB.In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
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Agree, just as long as this "house" was actually his personal residence, or what I would call a home.Originally posted by DaveO View Post
"It takes a heap of living to make a house a home." (Old quotation from somewhere and somebody.)ChEAr$,
Harlan Lunsford, EA n LAComment
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Agree with Chear$, 2 out of 5 yr rule, and all that, including under $250K and/or $500K MFJ. TTB 6-19.Comment
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True, if it was rental or investment property he may have a deductible loss.Originally posted by Burke View PostIn other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
Alexis de TocquevilleComment
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