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Get your taxes done using TurboTax
Hello, to clarify, this is not a second home, it is an inherited house. To my understanding, losses on sales of main home and second home are not allowed, the net "loss" would be adjusted in column G (?) so column H would be "0" on form 8949. for inherited house, an earlier reply to my post indicated the loss can be deducted against my other capital gains and even the incomes. How would Turbotax recognized this is "inherited house" vs second home when I do the input?
‎February 18, 2025
4:40 PM