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4797 - Home Office Sale (Gain)


Crank

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Client sold his home which included a home office (5%). Details related to the home office sale are:

Gross Sales Price: $15,000.

Basis & Selling Exps: $13,000.

Gain on Sale of Home Office: $2,000

Prior Accum Depreciation: $3,000

Can somepne explain how I go about reporting this on 4797 and Sch D

Thanks.

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