Investment Propety Sale

[JCHAPTT]

I sold residential property (lot only) for a loss in 2023.  I held it for 10 years.  I cannot find a way to enter it into my TurboTax Deluxe software.

[KrisD15 · Accepted solution]

Enter that under

Income

Investment Income

Stocks, Cryptocurrency, Mutual Funds, Bonds, Other 

START

Did you sell any of these investments in 2023?

YES

Select 1099-S as the type 

Enter the information on the 1099-B screen regardless if you received any form. 

The information will transfer to "1099-B Worksheet" which is a program document and is not part of your 1040. It does not transmit.

The calculation is properly posted on your Schedule D which IS part of your 1040 and does transmit. 

[JCHAPTT]

Great advice.  Thanks for helping me get my property sale/loss entered into TT.