sk75
Level 1
03-20-2021
02:32 PM
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I have new client who got divorced in 2020. She had a joint rental property with her ex-husband which she sold in 2020. She is liable for 50% gain on the rental property sale. How should I show rental property sale 2020 single tax return? Should I create a mock 2019 return and transfer all data to 2020? Or show the rental property sale on F 4797 in 2020 itself?
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