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Investors & landlords
That makes sense to enter the ord. gain as a negative; however, I have a negative basis before the ord. gain, and the Cap Asset W/S won't let you enter a value less than zero. It is easier just to add the basis and Ord gain together and enter that as the basis, as this is a positive number. And, as others have pointed out, this should not be a flag, as the basis is not reported to the IRS.
‎April 18, 2023
2:15 PM