MarilynG1
Expert Alumni

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. 

 

@brookh 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post