ThomasM125
Employee Tax Expert

Deductions & credits

You would follow the instructions mentioned by @DS30 to enter the Form 1099-S as an investment sale in TurboTax. You will come across a screen that says Select any less common adjustments that apply and choose the one that says the loss is not deductible for reasons other than a dissallowed wash sale.  The sale will appear on your tax return but the loss will not show as deductible.

 

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