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Get your taxes done using TurboTax
It looks like the sale was entered twice.
Did you get a K-1 for the sale and are you also reporting the sale on your individual tax return?
If you did get a partnership K-1, does it report your portion of the sale?
Do you have more than one asset to the sale, such as a rental house and also a stove and carpet connected to that house?
Is this the same property?
For one entry/property it shows a purchase cost of 954,721 but for the other entry it is reporting cost of only 499,895.
One section is reporting 115,930 depreciation and the other section lists 102, 854.
They both have the same sale price.
Can you provide more information please?
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March 5, 2025
12:10 PM