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  • Posted in: Tax Talk

    I know and trust the principal of the Sub-S.  The only communication he had from DoL was a card from a local UI officer dropped off at his home (Sub-S's address of record). I have a strange feeling that ...

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    RE: Estate

    Posted in: Tax Talk

    The sale price is not gross income under Sec 61. Only the gain is. Mark S Nelson Sr, EA, ABA. On Sep 24, 2017 12:55 PM, "Al Haab via National Society of Accountants" < Mail@connectedcommunity.org ...

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    RE: Estate

    Posted in: Tax Talk

    Because the sale is gross income and will or should be reported to the IRS on a 1099-S by the person responsible for the closing, it must be reported on 1041 schedule D.  If the house was sold at appraised ...

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