Hi again, Carl. I don't recall selecting "Yes" on the special handling question but, since I have now gone through the sales info process and entered it, that issue is no longer a problem. I was just puzzled by the difference.
Anyway, at this point, I am hoping to finish this up with resolutions to the two questions about:
1. The federal error check tells me that not entering the land sale price is an error that should be fixed. Based on your advice, though, and the fact that I don't have any documant stipulating the price of the land, I am inclined to leave it blank. Correct?
2. As I am going through the Louisiana state return, should I use the adjustment for Capital Gain from the Sale of a Business? It seems that I should since selling the house (which I was using as a rental) "would allow the buyer of the assets to continue the business" (i.e., renting it as I did). Quoted passage from Louisiana Revenue Information Bulletin 10-017, as referenced by the TurboTax software. Is this correct?
I do appreciate your information, and hope you can address these last two items as well.
Thanks again.
