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You only report the gain, if any. The sale is considered ordinary gain, not capital gain. Thus, you cannot report a loss.
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You should have an amortization schedule for each loan which breaks down each monthly payment into interest and principal amounts. You would then report the tot...
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You did not state if you were renting the TN house. Let's go with worse case scenario. CA has the right to tax residents of the state on any income they receive...
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My condolences on your wife's passing. If you have no other income beside the Social Security benefits, then you have no taxable income. Thus, you don't have to...
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Moving costs are not deductible. However, touch up expenses to prepare the property for sale are: painting, yard work, etc,
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