ColeenD3
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Deductions & credits

There is no deductible loss for selling a personal asset such as a home. You would report your 1099-R in the retirement section and copy it exactly as it appears.

 

The 1099 R will be entered in the Retirement Plans and Social Security section.
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Retirement Plans and Social Security
• Select IRA, 401(k), Pension Plan Withdrawals (1099-R)