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We have a second home in an LLC, which was sold in 2019. Where do we show the sale/proceeds on the tax return?

 
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ColeenD3
Expert Alumni

We have a second home in an LLC, which was sold in 2019. Where do we show the sale/proceeds on the tax return?

Was it used for business purposes? Show the rental income and sale in the rental section. If it was personal use only, you report the sale in the Investment section.

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