RobertB4444
Expert Alumni

Business & farm

@briandsmith  The 1099-S is informational for you and the IRS.  The sale price amount on the 1099-S goes in as the gross proceeds on schedule D and then the amount of basis and cost of the sale are deducted from that.  So if you're already seeing the amount from the 1099-S In the return then you're all set.

 

Line 31 is your tax as if you were a California resident.  If line 40 and 41 are both zero then you don't owe anything.

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