I will probably pick one of the alternatives (either file the return and amend or request extension).
One last question, just so that I know....
where would I enter the real estate transaction in turbo tax ? Is it in Schedule D (Capital Gains and Loss) or should I enter in Rental Properties and Royalties (Schedule E).
When I enter via Schedule D - Turbo Tax warns me the following.
---
Was this investment used for business?
If this investment was used for business (rental, business expense, farm, etc.), don't report it here. Go to the Sale of Business Property section and report this investment there....
I am not able to find the Business Property section. I am thinking it is Schedule E
Thank you for the guidance !
