Clarification:
1. Turbotax asks me to enter total sale price.
2. I paid 3rd quarter real taxes as required on August 1st
3. When I press "?" button it seems to indicate that real estate tax paid by the buyer to the seller (Box 6, Form 1098-S) should be added to the sale price, therefore I should enter $502,051 into turbotax, instead of $500,000. But I'm not sure if I understand it correctly.
4. Do I enter $502,051, instead of $500,000, or do I enter $500,000?
Thank you in advance for clarification.
BTW, Turbotax should create 1098-S entry worksheet, just like it does for 1099 forms.
