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Deductions & credits
Yes, if you sold real estate you should have received a 1099-S. You would need to enter this sale by clicking on the following:
- Federal
- Income
- Show more next to Less Common Income
- Start next to sale of your main home
- Then walk through and enter the amount your portion of the sale and expenses
If this was an investment property (and not your primary residence-even if you received a 1099-S) you would enter it by clicking the following:
- Federal
- Income
- Show More next to Investment Income
- Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
- Then walk through the questions and enter your share of the sale and expenses.
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March 29, 2023
12:45 PM