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Deductions & credits
@jesunattt wrote:
Form 4797 line 7 shows net capital gain.
But Schedule 1 line 5 shows negative.
Is that gain showing up on Line 4 of Schedule 1? If so, that seems correct.
Line 5 of Schedule 1 is negative because you said the rental has a loss for 2020, so that seems correct.
So what exactly seems wrong?
‎July 30, 2021
9:33 AM