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March 22, 2024
Question

Loss on non investment property

  • March 22, 2024
  • 1 reply
  • 0 views

I have a loss on a land sale that is NOT investment property, yet TurboTax is pooling the $37,000 loss in with my net long-term capital losses. 😫. How do I avoid this and still comply with the law to report my 1099-S?

1 reply

DoninGA
Employee
March 22, 2024

When you were reporting the sale of the Land did you indicate this was a personal property?

 

See screenshots -

 

 

March 22, 2024

You fixed my problem!!!!!!!!!!  I can't thank you enough!!!!!  I really appreciate your help