topic Land Investment sold at a loss in Investors & landlords

Land Investment sold at a loss

Rick5459 — Tue, 10 Mar 2026 07:04:54 GMT

Can you write off a loss on raw land sales. Also on one of the lots, I had to remove an old farmhouse, is that deductible ?

Re: Land Investment sold at a loss

Anonymous_ — Wed, 16 Nov 2022 15:05:46 GMT

If the land was held for investment purposes, then the loss can be recognized.

Add the cost of demolition to the basis of the land.

Re: Land Investment sold at a loss

ronaldh1 — Fri, 06 Jan 2023 22:20:57 GMT

how do i report the loss on my return

Re: Land Investment sold at a loss

Mike9241 — Sat, 07 Jan 2023 00:56:35 GMT

when you get to the investment portion of the interview. the subsection for stock and other

Re: Land Investment sold at a loss

Hal_Al — Sun, 08 Jan 2023 14:29:42 GMT

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)

- Wages & Income

Scroll down to:

-Investment Income

-Stocks, mutual funds, Bonds, Other (Real estate is other )

Answer no, when asked if you got a 1099-B, then follow the interview. Add the demolition cost, to your original purchase cost, where you enter "cost or other basis".