Love2Cruise
Level 5
03-23-2024
11:02 PM
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Well yes, that worked too.
I entered the sales proceeds as $100K; basis as $46,522; adjustment to basis $326; selling expenses as $37,949 (gift of equity and closing costs) and voila! Still the same gain of $15,203. No need for additional statements and everything is reported.
@BobKamman @TaxGuyBill @Norman2001 You guys ROCK!!!!! #teamProSeriescommunity!!!
As head numbing as this can be at times, each year I gain more knowledge. And you all are a intricate part of it!
Thank you soooo much for guiding me through this!!!