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Get your taxes done using TurboTax
Your sales information results in the correct capital loss that I noted after adjusting for the Section 751; so this looks good.
Add the $3,602 Section 751 amount to the Section 199A screen on the "other income / loss" box.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 17, 2025
8:24 AM