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How do you tell ProSeries that a loss disposition of Sec 1250 property does not qualify as an ordinary loss on Form 4797?
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@margowalkercpa wrote:It is inherited investment property
If you ask a question, it helpful to have as much detail as possible. What does "investment" property mean?
If it is a rental, the sale should be an ordinary loss on Form 4797.
If it was not a rental, the sale should be a capital loss on 8949/Schedule D.
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