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Sold my parking spot in a condo building at a loss after closing costs and condo's assessments on the building, where would I enter this in Turbotax? This parking space has it's own deed, never rented out and was sold in 2022. Note that this was brought in 2014. Thank you.
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it would be a nondeductible personal loss but if you got a 1099S you need to report it. and use code L
it would be a nondeductible personal loss but if you got a 1099S you need to report it. and use code L
Thanks Mike. Given that there is no 1099S issued and no gain, as it's at a loss. Assuming no reporting necessary, as it's non-deductible loss.
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