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Rental real estate sale and reporting on the 1040
Last year and this sold a rental property. Drilling down off of the 1040 form can find where the amount on line 8 comes from. It goes to Schedule 1 line 10. Then the link from Schedule 1 line 5 goes to Schedule E for that rental property. No where on that sheet do I see an amount that transfers. I find the Capital gains amount but not the amount going to Schedule 1 line 5.
Please clarify
Jim
‎December 29, 2021
12:04 PM