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Get your taxes done using TurboTax
I didn't see "Less Common Income" section using the "Sale of home", I did see a question about 1099-S.
But the big concern is 26 U.S.C. § 1239. There is nothing in "Sale of home" about selling to a related party corporation of a property that will be depreciated by the buyer. And that will make the gain an ordinary income.
April 1, 2021
11:39 AM