ejdtaxman
Level 7
07-06-2022
04:58 PM
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Yes. complete taxable dispo is checked off.
I think maybe I have fixed on something. When reporting the sale and linking it to the home sale worksheet, the exclusion carries over to part 1, as @BobKamman said. However, the sale is being reported on Part 3.
it is definitely affecting his loss because the amount on schedule 1 is going from negative 90k to roughly negative 64k.