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Deductions & credits
Hi, it's now May 14th and I'm doing my taxes with TT Download Deluxe which I thought would walk me through the sale of a second property easily. All updates should have included clarification on this long before now. I've done everything you stated, but there is nowhere for a novice like me to figure out what is a selling expense (ie-moving costs) or what is an upgrade that can be deducting from the Gross Proceeds. I've clicked on all the help buttons with no useful answers. I'll have to go to the IRS site, which is something I thought TT would cover for me. Also, you've stated repeatedly that there is a "radio button" that delivers a drop down box where a person can choose from a list of sold investments. I have no radio button. I must type in what the investment was. What if it was land with a mobile home on it? Is that considered "land" or "2nd home"? I thought TT would be able to walk me through this. I'm glad I'm not alone with this problem.