We bought vacant land in approx 2006 and finally sold it for a loss in 2017. We had to bring roughly $4,000 to the closing. We file jointly and have a combined income of roughly $130,000. I have already purchased Turbo Tax Deluxe and didn't realize it couldn't handle this. I've never dealt with this type of scenario so I'm wondering if it's worth it to purchase Turbo Tax Premiere so that I can include this loss in my taxes.
