Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
AnotherQ
Returning Member

Investment loss for failed property investment

Hi,

For a failed property investment where there were legal fees and interest, how is this filed? I believe the interest would be an expense, and the legal fees a capital loss? Assuming these two assumptions are correct, I am unsure how to file the capital loss.

1 Reply
AnotherQ
Returning Member

Investment loss for failed property investment

PS: The transaction never went through - the seller pulled out.