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I have a client who had an installment sale. The purchaser defaulted halfway through 2024, and we reported the interest and principal in 2024, which was paid to...
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WHERE DO I ENTER 1099 R ON FORM 1041 THERE IS NO WAY TO REPORT THE GROSS DISTRIBUTION THE TAXABLE AMOUNT AND THE DISTRIBUTION CODE THIS MAKES THE ESTATE TAXABLE...
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Yes but what about what they received at closing??? would that be Principal?
