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Sale of second home
I’m trying to report the sale of our second home; I’ve followed the instructions to add it as another asset sale; our cost basis is higher than the sale price, which of course is a loss. I’m never asked whether the property was rented (it wasn’t) and I understand the loss on a personally used 2nd home is not deductible. However, as I continue, the software appears to give credit for the loss as a capital loss carried forward to 2022. Am I doing something wrong?
April 9, 2022
6:49 PM