I've figured the taxable gain on the repossession of real property per worksheet D of IRS Pub 537. How is that figure entered into the ProSeries software?
Thanks.
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Pub 537, page 13, first column........ Reporting the repossession. You report gain or loss from a repossession on the same form you used to report the original sale. If you reported the sale on Form 4797, use it to report the gain or loss on the repossession.
My question was more a software question rather than a tax question. Does anyone know how this figure from the worksheet gets put into the tax software?? Thanks.
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