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Vacant land sold at a loss
We purchased a lot in Homosassa FL in 2004 for $120,000 and sold it in 2023 for $35,000. I received a 1099S from the title company.
When I enter these amounts and dates in TT as per instructed using the investment sales Q&A, the calculated loss in $0. Am I doing this properly and if not what should I do differently please?
Many Thanks!
GJM
March 8, 2024
12:19 PM