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client sold rental property for $70,000 Pro Series showing no tax due

Smitty
Level 3

Client sold rental property gain of $70,000 Pro Series show no tax due

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1 Solution

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15
You need to follow the money through the return to decide if this is correct or not, nobody here can see whats really going on from here.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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5 Comments 5
IRonMaN
Level 15

Maybe they should go out and buy a lottery ticket next as long as they are having a streak of good luck. 

 


Slava Ukraini!
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Just-Lisa-Now-
Level 15
Level 15
You need to follow the money through the return to decide if this is correct or not, nobody here can see whats really going on from here.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15

I guess I thought we were just celebrating since I didn’t see a question in there anywhere.  Folks sometimes need to live dangerously and actually look at where the numbers are coming from rather than blindly relying on the software.


Slava Ukraini!
Smitty
Level 3

Client had gain of $70,000 on rental property. Client also had carryover loss from stock sales, so assume reason for no tax. Should have checked all info before posting.  Thank you for responding so quickly. 

 

 

garman22
Level 13
Level 13

that happens......

 

Glad you found it!

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