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Discussion Forum Index --> Basic Tax Questions --> GA State Tax Return
Discussion Forum Index --> Tax Questions --> GA State Tax Return
FLAcct (talk|edits) said:
| 13 October 2009
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| A client (FL resident) brought me her info just yesterday and much to my surprise there is a 1099-S for a piece of property that was sold in GA. There is an Affidavit of Seller's Gain attached to the 1099-S that shows this property was sold at a loss and therefore no state income tax was required to be withheld from the sale. Is it necessary for me to prepare a GA tax return to show that this sale was a loss?
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KathiJud (talk|edits) said:
| 13 October 2009
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| I have a hunch that Affidavit was not filed with with 1099-S that went to either IRS or GA. That means they only know the gross sales price and you probably have a requirement to file and show the loss. Filing heads off any later "love letters" to your client from GA and you get to charge for another return!
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Kevinh5 (talk|edits) said:
| 13 October 2009
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| why would you want to file any heads off? I've got a saw right here that's faster than any file.
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KathiJud (talk|edits) said:
| 13 October 2009
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| Oh Kevin that is a really Halloween thing to say!
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