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Level 2
posted Jan 27, 2024 3:37:13 PM

Rv sale

My husband and I were living in our RV.  He died in April 2023 and I moved in with my son.  I sold the RV at a loss.  Where and how do I report the sale?

 

0 6 554
6 Replies
Level 15
Jan 27, 2024 3:44:56 PM

sorry for your loss.  sale of your personal residence at a loss is not deductible. 

Level 2
Jan 27, 2024 5:11:28 PM

So I don't report it anywhere on my tax return?

Level 15
Jan 27, 2024 5:12:26 PM


@MamaRae wrote:

So I don't report it anywhere on my tax return?


No, the sale is not reported at all on your tax return.

Level 15
Jan 27, 2024 5:13:55 PM

Very sorry for your loss.  Champ @Mike9241 has already replied about the RV.    Just to make sure you know this:

 

.  For the year that your spouse died, you can still file a joint return.  That way, you will get the married filing jointly standard deduction of $27,700 (+ $1500 for each spouse 65 or older) which will lower the amount of income you are taxed on.

 

In My Info, you will need to indicate that your spouse died. When his name is in My Info,  there is a screen early in the interview that asks "Do any of these apply to [name] ?’” where you will do that, and then a drop down will appear where you can enter the date he passed.

 

If you have qualifying dependent children you will be able to file as a qualifying surviving spouse  (QSS) for the next two years after this tax return.  Post back if you need further help.

 

 

https://blog.turbotax.intuit.com/tax-planning-2/tax-implications-for-taxpayers-who-have-lost-a-spouse-45419/

 

Level 2
Jan 27, 2024 5:50:17 PM

Thank you!

Level 2
Jan 30, 2024 5:59:00 AM

Thank you.