Home purchased for $44k
Repairs to make livable $13k+
Sold home for $55
Where do I report it?
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This is considered as a second home. Your capital loss is not deductible. Unless you receive form 1099-S, you do not need to report the sale.
If you received form 1099-S, follow the instructions in this answer by TurboTaxLindaA:
https://ttlc.intuit.com/replies/6174907
This is considered as a second home. Your capital loss is not deductible. Unless you receive form 1099-S, you do not need to report the sale.
If you received form 1099-S, follow the instructions in this answer by TurboTaxLindaA:
https://ttlc.intuit.com/replies/6174907
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