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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1 Best answer
Delphision
New Member
Oct 29, 2019 8:28:12 PM
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.
2 Replies
Delphision
New Member
Oct 29, 2019 8:28:12 PM
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.
taxnano
New Member
Oct 29, 2019 8:28:15 PM
It's is reported on schedule 3. I don't know how you will do it in TT.