https://ttlc.intuit.com/community/tax-credits-deductions/discussion/reit-deductions/01/1367702#M142540 <P>I invested about $35,000 in a REIT several years ago and was paid about $23,000 when the REIT matured in 2019.&nbsp; Is this $12,000 a basis for a deduction on my 2019 taxes? How and where do I enter this info into TT software?</P> Fri, 27 Mar 2020 17:14:39 GMT Lexidog 2020-03-27T17:14:39Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/reit-deductions/01/1367702#M142540 <P>I invested about $35,000 in a REIT several years ago and was paid about $23,000 when the REIT matured in 2019.&nbsp; Is this $12,000 a basis for a deduction on my 2019 taxes? How and where do I enter this info into TT software?</P> Fri, 27 Mar 2020 17:14:39 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/reit-deductions/01/1367702#M142540 Lexidog 2020-03-27T17:14:39Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-reit-deductions/01/1376802#M143231 <P>I would expect that you received a K-1 that documented the transactions.&nbsp; It would be reported there.&nbsp; It does sound like it is a final transaction.&nbsp; If it is be sure to indicate that so that it doesn't carry over to next year.</P> Sun, 29 Mar 2020 16:49:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-reit-deductions/01/1376802#M143231 JohnB5677 2020-03-29T16:49:37Z