ceb0
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Hello, Thank you for your answer. However:TurboTax tells me that the installment sale can NOT be used because "you have no income or a loss", therefore it says ...
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Hello, Thank You again for your answer.Related to this: the sale price was fixed, I am reporting the Total sale price, however the payment will be in 4 installm...
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Thank You! This is what I needed.Note however, that the menu "Federal Taxes" did not appear on the left menu (dark) right away, I had to poke around and do some...
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Thank you very much for your reply!I did what you indicated, and at the end I seem to have gotten the desired result:"It turns out you can't take a loss on your...
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I found this information, it says:Schedule D is where any capital gain or loss on the sale is reported.https://www.realized1031.com/blog/how-to-report-the-sale-...
Activity Feed for ceb0
- Posted Re: Sold inherited farm land (abroad) at a loss, reported basis when inherited in form 3520. Now ... on Deductions & credits. April 10, 2023 11:44 AM
- Posted Re: Sold inherited farm land (abroad) at a loss, reported basis when inherited in form 3520. Now ... on Deductions & credits. April 10, 2023 10:34 AM
- Got Cheered for Re: Missing Link to Apply Refund to 2023 Taxes. April 10, 2023 7:41 AM
- Posted Re: Missing Link to Apply Refund to 2023 Taxes on Get your taxes done using TurboTax. April 10, 2023 7:40 AM
- Posted Missing Link to Apply Refund to 2023 Taxes on Get your taxes done using TurboTax. April 9, 2023 4:13 PM
- Posted Re: Sold inherited farm land (abroad) at a loss, reported basis when inherited in form 3520. Now ... on Deductions & credits. April 8, 2023 8:06 AM
- Posted Sold inherited farm land (abroad) at a loss, reported basis when inherited in form 3520. Now sold at a loss, no USA tax forms, how to report this? on Deductions & credits. April 8, 2023 12:13 AM
- Posted Sold inherited land abroad at a loss, reported basis when inherited in form 3520. Now sold at a loss, no USA tax forms, how to report this with TurboTax ? on Deductions & credits. April 7, 2023 9:09 PM
- Posted Re: Inherited Land abroad in 2011, reported Basis in 2011 Return, Form3520. Sold in 2022 at a los... on Deductions & credits. April 7, 2023 4:49 PM
- Posted Re: Inherited Land abroad in 2011, reported Basis in 2011 Return, Form3520. Sold in 2022 at a los... on Deductions & credits. April 7, 2023 4:44 PM
- Posted Inherited Land abroad in 2011, reported Basis in 2011 Return, Form3520. Sold in 2022 at a loss, sale price lower than cost basis, where do I report this in my 2022 Taxes? on Deductions & credits. April 7, 2023 3:52 PM
- Posted Re: Tax implication for proceeds from selling an inherited foreign property in multiple installments over N years on Deductions & credits. July 26, 2022 8:06 PM
- Posted Tax implication for proceeds from selling an inherited foreign property in multiple installments over N years on Deductions & credits. July 26, 2022 2:13 PM
- Posted Is Turbotax confusing users now so that users end up paying for Live help ? I do not have a mortgage and Turbotax continues asking me about my mortgage lender !!! on Deductions & credits. June 1, 2019 2:11 PM