Pelorus
Returning Member

Sale of second home at loss but not deductible. TT carries loss thru in error. What to do?

I sold a second home in 2021 at a loss.  TT (Premier, desktop) carries the loss thru to my 1040 even though the IRS does not allow for deduction of losses from second homes.  What is the solution?  A "workaround" proposed by others is to just record the transaction as "breakeven", no gain/no loss.