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Get your taxes done using TurboTax
Yes, go in through the Stocks, Bonds, Mutual Funds link and choose Other from the Dropdown list.
This will be reported as an Investment Loss, rather than a loss on the sale of Personal Property (which is not deductible).
You don't actually enter your 1099-S, just the proceeds from it, but save it and record of any other closing costs you incur.
Here's more info on Sale of Inherited Home.
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‎February 18, 2025
11:24 AM