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Get your taxes done using TurboTax
OK, I went down that path only to find TT was not allowing a capital loss on the property. My understanding is since we never lived in the house I can treat it as investment with capital loss, so would I enter it instead as an investment of type "everything else" ? If so, is there a way I can show the closing costs as an adjustment to the gain/loss on form 8949 (columns f+g) ? This would be consistent with the IRS instructions, but the interview questions don't seem to give me that option . . .
‎February 26, 2020
8:37 AM