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Why are capital gains rolling into net income for form 8582 Part I - 1a
After updating my "Property Assets" in Turbotax to indicate an asset acquired many years ago has been sold, the gain appears in form 8582 (Part I -1a) as net income. (It also appears as capital gains in Sched D and 4797 as it should.). Why are these long term capital gains appearing as income in 8582? I thought this was only for passive income - which does not include capital gains.
March 29, 2022
12:11 AM