lucifer
Level 1
10-11-2021
02:23 PM
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MY CLIENT PURCHASED A HOME WITH THE INTENTION OF RENTING IT BUT DID NOT DUE TO ILLNESS. SOLD IT 6 WEEKS LATER AND HAS A PROFIT. WHERE DO I ENTER IT?
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Terry53029
Level 14
10-11-2021
02:35 PM
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Form 8949 It is capital gain
Camp1040
Level 10
10-11-2021
02:39 PM
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OP was stating that the property was business property and not personal property. OP will have to do so leg work to show intent of purpose for the property.
Although, since short term the results will be the same unless taxpayer has other business gains or losses.
Terry53029
Level 14
10-11-2021
02:42 PM
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Have to agree with @IRonMaN use the KISS system
lucifer
Level 1
10-11-2021
03:02 PM
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It is reported on a 1099-S, still start with the 8949?
ljr
Level 8
10-12-2021
08:50 AM
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I agree, go with the schedule D