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Should something appear under Sale of Home (gain or loss) for sale of a rental?
Hello,
I am finishing up my tax return and one thing that looks strange is that after going through all the questions, and I believe answering them correctly, I am showing something under "Sale of Home (gain or loss)". I thought this section was just for the sale of a primary residence but it was automatically populated after completing the questions about the sale of my rental property. I did not sell a primary residence and only sold my rental property but the address appears in both places. I am wondering if it should be listed there and if it is effecting anything. I am worried about deleting it because I don't want all the work I did for my rental property to be deleted. Does anyone know if something should be showing there for the sale of a rental property? It looks like the below.
Rental Properties and Royalties (Sch E) Condo that I rent out | -$13,126.00 | Edit/Add | |
Sale of Business Property | $62,547.00 | Edit | |
Sale of Home (gain or loss) | $62,547.00 | Edit |