Client bought home for son to live in while at college. 4 years later he sold
it at a loss. Never rented or depreciated. 1099-S received. I believe report on
Schedule D & somehow calculate no loss or gain. In other words it is a personal asset.
it at a loss. Never rented or depreciated. 1099-S received. I believe report on
Schedule D & somehow calculate no loss or gain. In other words it is a personal asset.
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