Diane Posted October 19, 2010 Report Share Posted October 19, 2010 Client has a rental. She will be selling the rental as a short sale (no foreclosure). The rental will be sold at a loss. I see COD income on the debt issue and a 4797 transaction for the loss on the sale of the rental. Hopefully the loss will be close to the COD income so one can offset the other. Am I looking at this correctly? Schedule E showing COD income, 4797 showing the loss on the sale. Diane Quote Link to comment Share on other sites More sharing options...
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