Puchased to start a business, but determined will not be purchasing another property. Do I need to continue with the sale of the property on Schedule C or under Investment Property? and if Investment Property what do I do about the 2014 and 2015 Schedule C expenses?
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Hi kwool101112,
Your 1099-S form will be handled on a Schedule D (Capital Gains and Losses) for 2016. If you need to amend a prior year tax return for 2014 and/or 2015, click or tap a tax year for specific amending instructions.
Best,
TTerinS
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