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Level 2
posted May 8, 2021 1:31:34 PM

Why do I have an 8453 when form 8949 is attached? On Part II (F) it has amounts but says see attached. What would I attach? It is for a home that we flipped.

I can use the closing statement for the sale, but for the purchase it is the purchase price plus about 300 receipts to get to the purchase price.  Should I have don this on a different form.  This is the only flip I have ever had and don't plan to do another one in the near future.

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1 Replies
Level 15
May 8, 2021 1:56:30 PM

The 8949 was the correct entry ... look at the 8453 ... what box is checked ?   If it is only the last one and you are reporting the sale on the 8949 you can ignore the form.