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You report as a capital gains loss which can be applied against other gains this year and in the years ahead.
Here is how to do it in TurboTax:
In Income & Expenses
Scroll to Less Common Income, click show more
Click Sale of Home (gain or loss) and start
Check "yes" you sold your home
TurboTax will then ask you a series of questions to enter the sale
A loss on the sale of your personal residence is not deductible.
You can only deduct losses on the sale of property used for business or investment purposes.
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