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Investors & landlords
Thank you @Mike9241 again. Especially on the heads up for amending. I'm pretty sure it was extended giving me a couple weeks to amend.
It was the case of $75K total investment. But I follow your calcs and appreciate the clarification on the interest going to the form 4952. But just to verify: so when it was forced to sell, the proceeds are recognized as my proceeds eventhough I got nothing from it. Am I understanding correctly?
‎September 22, 2022
2:35 PM