Short term loss on a second real property.

[snoopyinflnc]

Hi. I bought a new construction single family home as an investment, but due to the recent market downturn, immediately sold it within one year at a loss (cut my losses).  I received a 1099-S from the real estate broker. Where do I enter this transaction in TurboTax Premier and Is that short-term loss deductible?

I appreciate the help.

Mitch

[KrisD15]

Enter that under 

• Investment Income
• Stocks, Cryptocurrency, Mutual Funds, Bonds, Other    START 
• Select ADD INVESTMENTS if necessary 
• Skip Import
• Select "Other"