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jamyrick
New Member

I need to upgrade to which turbo tax to show real estate (lot) loss?

I need to show the capital gains loss a residential lot I sold for less than it cost me. I also have a carryover loss from last year for the same investment of lots I purchased for resale several years ago.

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1 Reply
DDollar
Expert Alumni

I need to upgrade to which turbo tax to show real estate (lot) loss?

You will need to use TurboTax Premier:  You will report that in the same section that report stock and other investment sales.  To enter:

  • Type "Investment sales" in the search window and click Enter
  • Click on "Jump to Investment income (gains and losses)"
  • On the page with "Did you sell any investments in 2018?"  Answer Yes
  • Answer No to "Did you get a 1099-B..."
  • On the "Choose the type of investment you sold" Indicate "Land"
  • The interview will walk you through entering the details of the sale

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