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Deductions & credits
Cynthia, I'm on the phone with tech support. No - this is a condo property thus no portion of the cost basis is allocated to land and the confirmed tax basis per TurboTax is $145,698 so I have no idea why it carries over to the 4562 at $139,698. I personally feel there is an error in the calculations by TurboTax using 350/365 days in service and it is applying to my cost basis somehow.
March 7, 2022
7:32 AM