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Investors & landlords
So I see them on my 2020 return, but because I haven't finalized and paid for Turbotax yet, I can't see the tax form. But I'd think if it was there it would have been factored into the calculations, no? I bought the property for $175K, I sold it for $203K. $27,000 in selling expenses aside from the mortgage payoff, and for most of the ownership, the rent didn't quite cover the mortgage, much less insurance, property management fees, property taxes, and repairs. So it seems really odd to me that I could possible have a net gain of $76,000.
‎February 2, 2022
9:10 AM