So my understanding so far is that there are two portion to this.
The gift part is the 250k -100k mortgage which is a total of 150k and that needs to be ported on Form 709.
For the part sale portion. How do I report this in turbo tax?
Should I manually add it to form 4797? If so how do I make it where it does not allow the loss?
I think I am gonna get a CPA to do the Form 709 for me but I still like to use Turbo tax to do the rest as I have done so for the past 10 years. Just need to figure out how I do this.
