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How do I report a 1099-S for a property sold out of state?
I purchased a house several years ago with the intention to rent it out, but due to shady contractors, I was unable to get it rent ready so it was never rented. I subsequently sold the property for a loss.
As a result of the sale, I received a 1099s for the sale, but I wasn't sure how to enter this into TurboTax. I received a previous answer to enter it as an investment, but that doesn't flow into the Maryland State return in TurboTax.
How would I account for the 1099s and reflect that I sold the investment property for a loss?
Thanks!
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‎June 1, 2019
2:55 PM