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Investors & landlords
you may have an additional tax issue. not only do you have to report that $8K as taxable income but you apparently received a distribution in excess of tax basis which is additional income reported as a capital gain. we can't see what was reported on line 20 so read it carefully
entering part II info is a waste of time - it goes nowhere. turbotax doesn't use it and it's not transmitted as part of your e-file and it also wouldn't be sent if you paper file.
‎April 1, 2023
12:39 AM