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How do I enter net proceeds in the second home sale section when I only have a 1099-S showing gross proceeds?
The only box available is for net proceeds. Do I calculate this myself and enter THAT amount? Or do I enter the GROSS amount that the 1099-S states, which is a WAY over inflated number compared to what I actually received. ALSO, I already had to fill out forms to have taxes withheld from the proceeds, so some money has already been withheld by the state. Where do I enter this?
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‎June 4, 2019
8:04 PM