George4Tacks
Level 15
04-12-2020
06:40 PM
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I think you are thinking too hard (and possibly too quickly) on this quick question. Forget the mortgage! How much was paid for the personal residence in US Dollars. How much was the personal residence sold for in US Dollars. Report the gain(loss) on the sale of the personal residence. https://www.irs.gov/taxtopics/tc701
Here's wishing you many Happy Returns