topic Sold my parking spot in a condo building at a loss, after closing costs and assessments, where would I enter this in Turbotax? in Get your taxes done using TurboTax

Sold my parking spot in a condo building at a loss, after closing costs and assessments, where would I enter this in Turbotax?

unknownzack — Mon, 23 Feb 2026 10:41:30 GMT

Sold my parking spot in a condo building at a loss after closing costs and condo's assessments on the building, where would I enter this in Turbotax? This parking space has it's own deed, never rented out and was sold in 2022. Note that this was brought in 2014. Thank you.

Re: Sold my parking spot in a condo building at a loss, after closing costs and assessments, where would I enter this in Turbotax?

Mike9241 — Thu, 19 Jan 2023 18:43:50 GMT

it would be a nondeductible personal loss but if you got a 1099S you need to report it. and use code L

Re: Sold my parking spot in a condo building at a loss, after closing costs and assessments, where would I enter this in Turbotax?

unknownzack — Thu, 19 Jan 2023 18:49:43 GMT

Thanks Mike. Given that there is no 1099S issued and no gain, as it's at a loss. Assuming no reporting necessary, as it's non-deductible loss.