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Investors & landlords
I am thinking about just going back to the orginal solution of changing the numbers by showing the cost as a positive number and the proceeds as zero. This does not change the tax calculation as it will be seen as a loss of the same amount although the total proceeds will no longer match what the broker submitted. I don't want to print and mail the return (have heard the IRS was accepting the negative proceeds if mailed--may not be accurate information) as we have had all types of probems with the mail service in recent months.
‎February 26, 2021
4:28 PM