Jobman1
New Member

We had to do a short sale last year on a rental property that we had owned for 8 years. How do we account for this transaction using TurboTax?

We had a first and a second mortgage on this property and received a total of 4 1099C's.  I'm having trouble figuring out how to report this transaction using TurboTax Premier.  And yes I've read the IRS pub 4681 twice now. Still confused.