How do I list the sale of a boat dock? Net or Gross? TT does not allow for both entries.
TT does not allow for both gross and net entries. If net is entered under "net" then it also shows under "gross." The 1099-S only shows the gross amount.
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1 Best answer
Coleen3
Intuit Alumni
Jun 4, 2019 3:55:42 PM
You enter the gross sales price. Add any expenses of sale or improvements to the basis.
1 Replies
Coleen3
Intuit Alumni
Jun 4, 2019 3:55:42 PM
You enter the gross sales price. Add any expenses of sale or improvements to the basis.