joe7230
Level 2
10-09-2024
02:05 PM
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I split the gross sales amount and cost into Land and Building. I recorded the sale of the land on Part I of
the 4797 and the sale of the building on Part III. The qualified dividends and capital gains tax worksheet
has $11,818(which is the correct tax amount) on line 24 of that worksheet but reduces the amount to
$1069 on line 25. I cannot figure out why this is happening. HELP!
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