Shak187
New Member

Lost earnest money/deposit on a house that I intend to use as the rental property--Where to Enter in Turbo tax as Capital loss?

Due to some financial risk, I backed off and lost the deposit for a house that I was going to buy in another state as the investment and rental property.

Trying to find how to enter this Capital loss in 2023 Turbo tax (Premier).

I tried to enter in " investment sales ", but the very first question it asks is "What type of investment did you sell?,

and then "How and when did you receive this investment?

In my case I did not sell, instead, lost the deposit so what should I write?

Or would there be some other place to enter the loss of deposit as the Capital loss?