Skip to main content
February 10, 2024
Question

Where do I include capital gains and losses

  • February 10, 2024
  • 1 reply
  • 0 views
I have a loss from selling a house and not sure where that would be captured using turbo tax free option

1 reply

DoninGA
Employee
February 10, 2024

If the house was your personal primary residence, never used as a rental or for a business, and you had a loss on the sale it does not have to be reported on a tax return unless you received a Form 1099-S for the sale then it has to be reported.  Did you receive a Form 1099-S.

The same is true if you sold a second home at a loss, provided the home was not used as a rental or in a business.  Did you sell a second home?

 

Or was the home a rental or an investment property?