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Deductions & credits
When going through the state interview, it just asks me to manually enter the capital gains allocation, but I don't know what capital gains were specifically generated from the sale of the property. Between the annual loss on Schedule E, capital loss carryovers, and depreciation calculated over the life of owning it, this seems more complicated that just the difference between purchase price and sale price. Is there any way to get the software to generate the number for me?
‎February 9, 2024
2:36 PM