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Get your taxes done using TurboTax
Thanks for your helpful feedback! I have two follow-up questions:
1. For your input "Scroll to the section “Investment Income”": As this is a 2nd home, instead of an investment property, is it still classified as "Investment Income" so that I should report the 2nd home sale here?
2. For your input "the loss is not deductible so enter the cost equal to the sales price": what's the reason it's not deductible, since this "investment" encountered a loss?
Thanks.
September 26, 2022
12:17 AM