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Investors & landlords
By filling out Form 4797 (when I answer the Yes-No question in TT if I disposed (Sold) of the property), TT assumes I sold it and generates a capital gain.
And Form 8824 does not seem to nullify the capital gain generated in Form 4797...or does it? I seem to be "missing" the link between the 4797 and the 8824
March 3, 2021
7:54 AM