I received a 1099-S for sale of an inherited house in 2024. It sold for less than the fair market value appraisal, so minus sales and improvement expenses, it's has capital losses. I read that this information needs to be inputted in the Investments section. However, if I select "sale of 2nd home", at the end, it says, "not eligible for exclusion" so I selected "other" as the type of investment. Is this correct?
Also, there only seems to be a place in Turbotax to input sales expenses and NOT improvements made. Should I just add the improvementts to the sales expenses section? Thanks.
