gmajewsk99
Returning Member

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