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Investment Property
We purchased a dwelling in 2022, finished the remodel in 2023. It has not sold yet. I sent the 1099 MISC to the contractor who was responsible for the remodel. Since it has not sold how can I remove the 1099 MISC amount from expenses in turbo tax so it will reflect a true income. When I put the 1099 MISC into turbo tax it shows me getting a large refund. I would rather the tax for this year not reflect this 1099 MISC amount.
March 3, 2024
4:19 PM