Seller sold a house that had been held for investment. (L.T.C.G.) No personal or rental use was involved.
They received a substitute form 1099-S.
Not sure where to enter amounts for capital improvements made, acquisition & sales costs on columns E, F & G of form 8949.
I already know the bottom line - just a little confused as to how these are arranged on the form.
Thanks for comments
They received a substitute form 1099-S.
Not sure where to enter amounts for capital improvements made, acquisition & sales costs on columns E, F & G of form 8949.
I already know the bottom line - just a little confused as to how these are arranged on the form.
Thanks for comments
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