- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Thank you so much. Now, I would have to correct my 2018 tax return because I claimed the entire capital Gain at the tax year the property is sold in 2017. Thank Goodness, I caught this now when doing tax return for 2019. However, I do not remember seeing the option for me to elect out by reporting all the gain as income in the year of the sale. All I did is to follow the steps provided in the software. I reviewed the actual tax form and confirmed that indeed I paid the capital gain in lump sum which i do not mind. Thank you again for your quick reply and much appreciated!!! Stay safe and stay healthy, Cheers! Jenny
May 7, 2020
10:54 AM