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Get your taxes done using TurboTax
Do you mean IRS form 4797?
It sounds like it a sale of investment property that would be subject to capital gains rates and reported on Schedule D of the Federal 1040.
What is the source / nature of the unallowed losses?
Enter where do I enter investment sales in the magnifying glass in the upper right hand corner of the screen.
You may also select Federal / Wages & Income / Investment Income / Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
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‎January 26, 2022
1:02 PM