dbtaxsolutions
Level 5

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?

 

home sale sch d.JPG

 

 

home sale.JPG

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