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Investing
You are correct to report it on sch D as an investment. This is the same place as stocks and other investments.
You would have followed the steps in Where do I enter the sale of a second home, an inherited home, or land on my 2022 taxes?
You want to view your Sch D to see if you have a carryover loss and verify the sale was reported correctly. You will see a gain or loss showing on your Form 1040, line 7.
To see your forms and locate Sch D:
- In desktop, switch to Forms Mode.
- For online, see How do I preview my TurboTax Online return before filing?
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‎April 10, 2023
2:39 PM
1,171 Views