Jokalau Posted March 31, 2012 Report Posted March 31, 2012 Have customer with two 1099-A for same property. First Box 2 $341,227.73 Box 4 $332,500.00 Second Box 2 84,710.52 Box 4 $ 333,000.00 This was a 80/20 loan 2 family partial residence. I know where to report. Just confused if amounts need to be entered as separate transactions or if need to combine amounts. If entered separately it will shown only a gain for $8.728 not including exclusion. But total is actually more if combined together. Quote
Pacun Posted March 31, 2012 Report Posted March 31, 2012 Combine them. Keep in mind that the FMV of the is ONLY one (not the combination of the two). Quote
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