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Business & farm
Now you've hit all the hard parts of this. Look at this thread for a detailed discussion of entering everything without double counting: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...
Also, Ordinary Gain = Gain subject to recapture as ordinary income
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 25, 2022
12:04 PM