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S corp. Rooms all used for dress making and client appointments. bought in 2000 sold in 2017.
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Its unclear what you are trying to accomplish. You stated the s-corp reported the sale and the gain flowed to her on the K-1. Why do you want to report the sale again on her personal return? Did she received a 1099-S?
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Its unclear what you are trying to accomplish. You stated the s-corp reported the sale and the gain flowed to her on the K-1. Why do you want to report the sale again on her personal return? Did she received a 1099-S?
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I'm thinking it's kinda hard to say personal residence if they never lived there ---------------------- especially if it was owned by an S corp.
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HAS it been depreciated in the S-corp?
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I suspect that, since the "deed was in her name" SHE got a F 1099-S in HER social showing the gross sale.