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Deductions & credits
The 1099-S received for sale of house was less than the actual sale of house. It was the amount on the closing statement after the mortgages were paid off that I got and used to buy another house. If I put this amount in and put in what I bout the house for it comes up a loss which I did not have. I thought about saying yes to 1099S but putting in numbers from from closing actual selling price and go thru the deductions of cost basis etc. but not sure if that can be done
‎April 4, 2023
5:34 AM