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Deductions & credits
I have 50K of capital gains on line 7 of my 1040-NR, and 22K on line 8 (Other income from Schedule 1 - which comes from line 5 on schedule 1, which comes from Schedule E where all Property A and B accumulated losses are entered), which reduces my net tax to 0. Is this not offsetting Property A capital gains with PAL from Property B?
‎April 20, 2022
7:56 AM