I self-financed a lot at 10 years which I end up repossessing it after the 4th year because of buyers death. The sales price was $38K at 9% interest with $5K down in 2015. After a year of not receiving payments, t he lot was inherited by his son who didn't want it. , I took the lot back using a Deed in Lieu of Foreclosure in 2018. I sold it in 2019 for $28K. 1. How do I file the Deed in Lieu in 2018, which IRS forms are needed? 2. What Tax forms should I file for the sale of the Lot at a loss in 2019? * I'm using Turbotax Home and Business, 2017, 2018, 2019.
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