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Lexidog
Returning Member

REIT deductions

I invested about $35,000 in a REIT several years ago and was paid about $23,000 when the REIT matured in 2019.  Is this $12,000 a basis for a deduction on my 2019 taxes? How and where do I enter this info into TT software?

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1 Reply
JohnB5677
Expert Alumni

REIT deductions

I would expect that you received a K-1 that documented the transactions.  It would be reported there.  It does sound like it is a final transaction.  If it is be sure to indicate that so that it doesn't carry over to next year.

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