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Thanks Mike.

 

If i enter 42k as sale and basis price, i am having a netincome of around 13717 in column c in section A. Which seems to increase my taxes?

So i entered 77368 as my basis and 62431 as my sale price, which ended up my loss being -1220(still not $2000). Can you help me fix this?

 

The 13717 seems to be increasing my taxes.