investment property

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  • Jesut
    Junior Member
    • Dec 2005
    • 1
    #1

    investment property

    my client sells out short and receives 1099c for cancellation of debt. Program allows investment loss with passive losses carry over AND -21000K LOSS for tax yr 2011.
    Does not seem right with1099C issued but investment loss is investment loss. comments to me. thanks
    Last edited by Jesut; 03-24-2012, 01:23 PM. Reason: posted wrong information, please remove from thead
    Tags: None
    • taxmom34
      Senior Member
      • Nov 2008
      • 732
      #2
      client sells what? to get a 1099C?

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