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Business & farm
I sold a lot beside a house I am renting. I received a 1099S form for the amount I received for the lot. BUT the lot was worth $17000 and I sold it for $10000. Do I get to take a loss on this lot? Also where do I enter the 1099S on my tax form. I am using the desktop version of Turbo Tax.
March 17, 2022
10:50 AM