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!