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Deductions & credits
I agree.
my daughter sold $50,000 worth of stuff at a loss
if she enters this in Schedule 1, this will trigger an automatic audit
schedule 8949 more details, less questions to be asked, less chance audit I believe.
I thought of doing both 8949 and schedule 1 but then why do that if IRS says either. doing both probably raise eyebrows and say " hey, look at me!"
‎February 21, 2023
11:59 AM