rose323
Level 5
01-03-2025
03:14 PM
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Hi, Everyone. I am helping a client who sold their home in 2021. The Purchase Price was 111k in 2001, but it sold for 520k in 2021, and the total expenses, including the mortgage payoff, are 256k. I am creating their return since they did not file for the gain realized. It is my first time working on Schedule D. I am finished with the return and need to know if it is correct or if it is possible for someone to give me some pointers on what to check for to make sure the return is correct. The return shows a loss on the sale of 103k. Does this seem right?
The client was 72 at the time of the sale of the property.
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