If client bought there home (primary residence) for 140,000.00 sold it 5yrs later 385,000.00 they are at 245,000.00 as gain. This is not including things to add to there cost basis. Do I need to enter anything? If I do where do I enter it at?
In the amount of time you spent asking these questions, you could have easily completed the sale worksheet ( hit f6 key and type sale) form only takes a couple of minutes after you have done a few, (not enough to change my fee). I do it on every sale as even 5 minutes per return at a maximum 10 returns that apply each tax season is less than one time having to respond to a notice,
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