After holding my 2nd home for more than 10 years, I sold it last year. The sale price was lower than the originally purchase price, and so I had a money loss. My questions are:
1. At Turbo tax, how to report this form 1099-S of my 2nd home sale?
2. For the money loss that I got on this house sale, can I deduct any tax? If so, how to use the loss to deduct tax?
Thanks.
