Yes, your entries are correct. The overall loss based on the numbers provided is $6,000.
- You do not need to leave column f blank, you can leave the code E that TurboTax entered. (Form 8949 Instructions page 😎
- Yes, it's a good idea to enter what is shown on Form 1099-S so that the IRS sees the proceeds are the same.
- Yes, an loss on the sale of an inherited house is allowed to offset capital gains and other income on your return because it is considered an investment property and not personal use property such as using it as your main home or second home.
@syoung123
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