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Deductions & credits
I entered the information as you stated. Something doesn't seem right...I made a small profit off the sale of the second home which the profit was offset by the expenses paid (commissions) and TurboTax is claiming some of that loss in 2020 and a partial carryover of that loss in 2020. This was a second home. My understanding is that a loss cannot be claimed for a second home??
‎January 28, 2021
5:16 PM