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Deductions & credits
My thanks for the quick responses and I have reviewed both options suggested and went with the one by ColeenD3 for the following reason;
In TurboTax online: "Sale of Business Property" is found under "Other Business Situations". When I select "Sale of Real Estate" the guidance from TurboTax indicates that this is for situations where "Payments are received over two or more years". This was not the case for me as full payment was made in 2019.
‎February 15, 2020
10:40 AM