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2022 TurboTax Business math issue?
Have a multi-member LLC which separated and sold the homestead (house and outbuildings) from the remainder of the farmland. As you can see from the screen shot above, for some reason TurboTax Business 2022 is not subtracting the original cost basis (only the sales expenses) from the gross amount reported on form 1099-S for the sale.
Thanks for your assittance.
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‎January 26, 2023
4:02 PM