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April 6, 2025
Question

turbo tax shows capital gains that is more than twice what I report through "sale of business property"

  • April 6, 2025
  • 1 reply
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turbo tax shows incorrect capital gains

    1 reply

    April 6, 2025

    What is reported on IRS form 4797 Sales of Business Property that is incorrect?  

     

    Is the property reported in Part III of the form?  Is depreciation recaptured?  Is the property section 1245 property or something else?

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