Thanks. I have the closing statement that lists the entry as deferred real estate taxes. How do I deduct any of the loss? TurboTax tells me that losses on my property are not deductible since it is not investment property and wipes the losses to zero. Also, I don't see where I can add closing costs. It asks me for the proceeds which would be the 1099 S amounts and it asks for the FMV. It never asks for closing costs.
