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Deductions & credits
Great answer,
The mistake I was making was at "8. Answer 'Yes' to Special Handling."
I picked no and after entering the sale price, TT calculated the capital gain right there. After that doesn't what I do it will not remove the hidden capital gain even after switching answer to "Yes", and since I did a boot, it counted the sales plus the boot so I own more tax than the money I took out. One more question, does all the money I took out (boot) still counted as passive income/capital gain? Thank you so much!
March 16, 2024
3:22 PM