I inherited a Coop in late 2019 which I sold in 2021 at a considerable loss. This was due to an overall price decrease of real estate from the time my parent passed to the time of the sale plus a percentage of the sale amount that needed to be remitted to the Coop as per the original contract. The coop unit itself represented 20 shares.
I understand that I need to use Turbo Tax Premier and enter the Cost basis and the Sale price to show the loss. Is there any specifics that I need to enter to ensure this considered long term? Additionally, do I need to enter the Share # and total Sale Price and dates in the investment section as if this was a regular stock sale?
