turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Loss on non investment property

I have a loss on a land sale that is NOT investment property, yet TurboTax is pooling the $37,000 loss in with my net long-term capital losses. 😫. How do I avoid this and still comply with the law to report my 1099-S?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Loss on non investment property

When you were reporting the sale of the Land did you indicate this was a personal property?

 

See screenshots -

Investment sale personal 1.JPG

 

Investment sale personal 2.JPG

 

Loss on non investment property

You fixed my problem!!!!!!!!!!  I can't thank you enough!!!!!  I really appreciate your help  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies