Yes, show income of $56,468.75. If the $119K does not show selling costs, broker commissions, transfer taxes, and other closing costs, you should adjust your basis. See Where do I enter the sale of a second home, an inherited home, or land?
LA residents, part-year residents of Louisiana, and nonresidents with income from Louisiana sources who are required to file a federal income tax return must file a Louisiana Individual Income Tax Return.
- If you are a resident, TurboTax will transfer your gain to your state return.
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