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I bought a rental house in 2007 for $335,000. I had to sell it in 2014 for $295,000 and lost $40,000 of my investment. How do I list this on my tax return

How do I list a loss of income from a sale of rental property?

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New Member

I bought a rental house in 2007 for $335,000. I had to sell it in 2014 for $295,000 and lost $40,000 of my investment. How do I list this on my tax return

Go to the income tab >Investments > Capital gains > Tick the first box for sale of stocks bonds and capital property and then continue.  Fill in the appropriate answers in the following pages.

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Highlighted
New Member

I bought a rental house in 2007 for $335,000. I had to sell it in 2014 for $295,000 and lost $40,000 of my investment. How do I list this on my tax return

Go to the income tab >Investments > Capital gains > Tick the first box for sale of stocks bonds and capital property and then continue.  Fill in the appropriate answers in the following pages.

View solution in original post

Highlighted
New Member

I bought a rental house in 2007 for $335,000. I had to sell it in 2014 for $295,000 and lost $40,000 of my investment. How do I list this on my tax return

It's is reported on schedule 3. I don't know how you will do it in TT.

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