In 2006 myself and 9 others formed an LLC and purchased a property, land with a dwelling. We sold the property at a loss in 2019. I received a 1099-S showing a gross proceeds of $13,097, my contribution to the LLC was $40,000.00; a loss of $26,903. The property was not rented at any time. What is the best way to report my 1099-S? Where do I make the entry in TT? The only area in TT that made little sense was in the Wage & Income/Business Items/Sale of Business Property where one of the questions Sales of Business or rental property. I am unable to find in TT a better or more correct way to report my 1099-S
