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Hi Paula,
Thank you so much for your speedy helps here!!
Yes, I filed the extension. I probably will do 2020 amendment today to file it before the deadline, and do the 2nd amendment once I understand better about how to do 3115.
For the sale of the rental property in 2023, may I ask another question? When I think I completed/entered all the numbers under BUSINESS Sale of Property/Depreciation , the RESULTS told me that I have gained ~35% more than the net gain based on the closing document (sale price minus all the cost/expenses), why? And the weird thing is, even though so, the Fed refund remains the same amount (i.e., not decreased because of the higher income gain). Is there anything I missed?
‎April 14, 2024
8:40 AM