We owned a vacant lot of land for many years hoping its sale price would improve but still ended up losing a lot of money when we finally sold it in 2022. I assume we can use this loss to reduce our overall taxes and, if so: 1) where do we enter it in TurboTax Premier 2022, 2) how many of the various related costs over the years can we include to adjust its basis, and 3) where can we find any other info we’ll need to know when entering this?
