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Deductions & credits
Yes, that is allowed, as well. It will produce some tax. This would be the most conservative option.
However, if you had things around the house, at various dates, if these items were purchased at some time, then it is still conservative to claim cost. The full cost is not being applied, only up to the amount of the sale.
You're welcome @tmundy ~ we are happy to help.
ā€ˇFebruary 9, 2021
5:44 AM