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Investors & landlords
Thank you very much for your response.
So just to make sure I understood. I can put the total proceeds (1099-S reported amount) in Box #1. And for Box #2, I can put the total closing cost, leaving Box #3 and #4 blank. Is this the correct understanding?
If so, why is this TT screen even prompting me to fill in Box #3 and #4?
Thank you!
March 6, 2022
10:15 AM