The fact that I got a 1099S may raise eyebrows from the IRS if I dont file it explicitly in the Schedule D correct?
I do have expenses to account for. Dont know how to best do this.
Which is more favorable Sch C or Sch D?
I have a minimal net gain on the property of 5k.
I have a realized capital loss of 40k for 2020.
I also have operating losses carried forward on the Sch C from last year of about 3k.
