Bought and lived in a home Aug/2007 to 6/2011. Sold option to buy 11/2011 through 9/2016. Evicted buyer. Repossessed home. Sold at a loss in 9/2017. Can I claim loss, and how? Received 1099S. Claimed interest received in prior years. Thank you.
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It depends - You would only be able to claim a loss if you consider this an investment house.
So since you did not use the house for any personal use after the evicted buyer moved in in 11/2011, you can claim that this was an investment house and you should be able to claim the loss as a loss on an investment property.
To enter the sale of a capital asset in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "investment sales" in the search bar then select "jump to investment sales". TurboTax will guide you in entering this information.
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