topic How to deuct alosloss on land that I sold last year? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3793085#M361961 How to deduct a loss onland that I sold last year? Sat, 21 Feb 2026 21:19:00 GMT 14hodie 2026-02-21T21:19:00Z How to deuct alosloss on land that I sold last year? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3793085#M361961 How to deduct a loss onland that I sold last year? Sat, 21 Feb 2026 21:19:00 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3793085#M361961 14hodie 2026-02-21T21:19:00Z Re: How to deuct alosloss on land that I sold last year? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3793104#M361966 <P>The loss on the sale of personal property is not entered on a tax return.</P> Sat, 21 Feb 2026 21:26:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3793104#M361966 DoninGA 2026-02-21T21:26:15Z Re: How to deuct alosloss on land that I sold last year? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3804289#M362975 <P>It depends:</P> <UL> <LI>Property you purchased and held as an investment, can deduct a loss.</LI> <LI>Property owned by your business, can deduct a loss.</LI> <LI>Personal property you use, can not claim a loss.</LI> </UL> <P>If you had an allowable loss, it is entered under the investments section.</P> <P>&nbsp;</P> <P>Reference:</P> <UL> <LI><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-investment-sales/L2kIsdhgU_US_en_US" target="_blank">Where do I enter investment sales?</A></LI> <LI><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/real-property/need-report-inherited-property-land/L7X1D6rzY_US_en_US" target="_blank">Do I need to report inherited property or land?</A></LI> </UL> Thu, 26 Feb 2026 23:33:52 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-deuct-alosloss-on-land-that-i-sold-last-year/01/3804289#M362975 AmyC 2026-02-26T23:33:52Z