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Why does TT count sale of inherited home sold for loss as nondeductible on form 8949?
The inherited property was sold for less than FMV, never occupied, not used to produce income, and was sold to a random/unrelated party shortly after close of probate. TT adds code "F" in column (f) in section II on page 2, which makes the loss nondeductible. Why is the transaction nondeductible? (All research so far seems to indicate the loss is deductible in this situation. How can I make TT fill form 8949 differently??)
‎February 18, 2025
9:11 AM