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Thank you for your reply and the information. I may have done something wrong entering the data as I have been examining the forms that Ttax has used for this sale and it appears that the sale is reported on both Form 6252 and Form 4797. As best I can determine from the IRS instructions only Form 6252 is needed. This type of transaction is new to me and I would appreciate if you could tell me if this is correct.
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