BobKamman
Level 15
06-14-2022
05:21 PM
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@TaxGuyBill The 4797 instructions say, " On Part I, line 2, enter “Section 121 exclusion,” and enter the amount of the exclusion as a (loss) in column (g)."
IRS is more opaque than usual on instructions for how to report sale of a home that was also rented for some of the five-year period considered.