Investment Propety Sale
I sold residential property (lot only) for a loss in 2023. I held it for 10 years. I cannot find a way to enter it into my TurboTax Deluxe software.
I sold residential property (lot only) for a loss in 2023. I held it for 10 years. I cannot find a way to enter it into my TurboTax Deluxe software.
Enter that under
Income
Investment Income
Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
START
Did you sell any of these investments in 2023?
YES
Select 1099-S as the type
Enter the information on the 1099-B screen regardless if you received any form.
The information will transfer to "1099-B Worksheet" which is a program document and is not part of your 1040. It does not transmit.
The calculation is properly posted on your Schedule D which IS part of your 1040 and does transmit.
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