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Investors & landlords
Hello, sorry to bother you again... just wanted to correct my previous findings. For installment sale of my property in 2017, the actual entire capital gain was $24,050 and I already claimed $19,950 at year 1. So, year 2018, where and how I can enter the remaining gains $4100. Apparently, I did it wrong in 2018. I need to fix it. I understand where the interest goes. I am confused by following the steps actually. It will ask me if I have installment Sale in 2018 which I did not. In my original 2018 tax return, I answered Yes. That is wrong.
May 9, 2020
6:05 PM