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Can i deduct capital loss on second home
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October 30, 2019
11:23 PM
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Investors and rental owners
Yes. Only the sale of a principal residence is exempt from capital gains/losses.
To do this in TurboTax CD/Download EasyStep mode, click on Income & Expenses>Investment Profile in the side menu. Check off “Capital Gains or Losses(shares, properties, etc)” and then click Continue.
To do this in TurboTax CD/Download Forms mode, use Schedule 3 Part 4 (top of page 2).
October 30, 2019
11:23 PM