Greta
Level 9
11-11-2021
02:03 PM
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These responses might explain my 2021 problem. I was eager to help client estimate taxes he will owe on a rental property sold with 300K profit showing on Form 4771, but it didn't flow into Sch D long term gain. Is this because I'm using 2021 too soon? Will this likely trigger an AMT? This client earns only about 50K from his job.