dbtaxsolutions
Level 5
02-11-2022
07:40 PM
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sale proceeds $112 500
Selling cost $ 14 446
Cost base of house sold $102 500
on home sale worksheet, it calculates loss $-4 446. However on the Sch D it's giving a loss of $10k ignoring the selling expense and same information is flowing to NC state returns, at this point never mind NJ return, it's even pulling up $112 500 as cost base (?) (like everything else apparently because form is not finalized)
What am I missing, loss of $4446 or loss of $10k?
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