qbteachmt
Level 15
04-16-2021
01:30 PM
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Is this really what the paperwork shows: "November my client sold on a single-family home on land contract (11 yrs, 5 months) for $41,000. Original selling amount was $34,500 but he loaned them $6,500 for a new furnace, etc."
I sure wouldn't want a Loan factored into a Gain, if that isn't what really happened.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.