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Home sale

EFCPA
Level 1

I entered the information for a home sale on the home sale worksheet.

When I compare the resulting gain per the worksheet with the Schedule D gain, they do not match.

The issue is that the selling expenses (which were entered on the worksheet) are not being included in the gain reported on Schedule D, making it appear on Schedule D that the gain is greater than 500,000.

This appears to be another of the numerous programming errors discovered in Pro Series this year.

How can I get this fixed? I called tech support - they were clueless

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15
Ive done several homesale worksheets in 2021, all seemed to work fine for me....is this a property that was also used as a rental at one point maybe?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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jeffmcpa2010
Level 11

Just add the sale costs to the basis on line 6 of the worksheet instead of listing it separately.

Then you get the correct answer, the worksheet isn't part of the return that goes to the IRS and everything on Schedule D and 8949 then look correct on mine.

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