Anita01
New Member

Deductions & credits

If you never rented it out and it was always personal use, you would claim it as a second home.  Losses are not deductible but gains are taxable.  Yo enter it under Investment Income, stocks, mutual funds, etc., Say No to receiving a 1099-b or brokerage. Then choose second home, and enter your information.  Each of you and your brother would enter half the amounts in your returns.

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