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sale of rent house on 4797 Part 1 shows 0 for loss
Sale of rent house on 4797 Part 1 should show loss of $10,000, instead shows -0-
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Just-Lisa-Now, thank you, thank you, thank you. The key to the program doing the whole passive activity loss and loss on the sale of the rental property was that Box H on the Schedule E Worksheet. That did it! I guess I have never had a client in this particular predicament with the passive losses and sale combined. Thanks again!
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