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?
Form 8949 It is capital gain
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.
Have to agree with @IRonMaN use the KISS system
It is reported on a 1099-S, still start with the 8949?
I agree, go with the schedule D
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