I don't understand the calculation on loss of sale...
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wbgale2-
New Member

I don't understand the calculation on loss of sales of our previous home

 
2 Replies
ColeenD3
Employee Tax Expert

I don't understand the calculation on loss of sales of our previous home

No one can see your screen. You would have to spell everything out.

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SweetieJean
Level 15

I don't understand the calculation on loss of sales of our previous home

Since you are asking from Premier, was it ever rented out (in whole or in part), or did you ever claim a home office deduction for it?  Also,  be sure you are using the 1099-S form information.  Any mortgage payoff is not part of the gain/loss calculation.

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