wadams37
Level 2

It was a second home used for personal family use, and never a rental. They have an approximate LT capital gain of $90,000. So I just report the transaction on Sch D? They never received a 1099-S or 1099-B since the home was located in WA state and they are residents of CA.

Will the state of WA also tax the income because CA surely is??

 

Thanks,

wadams37

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