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February 10, 2025
Question

I have a 1099 s with my gross proceeds in box 2, should I put this amount as Selling Price or the amount I sold my home for in 2024?

  • February 10, 2025
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    1 reply

    February 10, 2025

    You should use the actual selling price, however it should match the amount in Box 2. If the amount in Box 2 is higher, and you have sales expenses are part of that number, then you will enter those expenses when asked.

     

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