vanidosa27
Level 3
‎07-10-2025 04:02 PM

Can someone please tell me how I need to enter the sale of inherited land as held for investment so that the loss is allowed? Thank you in advance! 

 

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Karl
Level 8
Level 8
‎07-10-2025 04:08 PM

I would uncheck "sale of home." If you're already at a loss, you don't need a gain exclusion.

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vanidosa27
Level 3
‎07-10-2025 04:20 PM

Hi Karl! I unchecked the sale of home box and it removes the sale from Schedule D and the 8949 disappears. 

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sjrcpa
Level 15
‎07-10-2025 04:27 PM

Remove all entries from the sale of home section. Make believe it was a sale of stock and enter like that.


The more I know the more I don’t know.

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vanidosa27
Level 3
‎07-10-2025 04:36 PM

Thank you SJR that worked! I also had to remove the checked box for "Inherited"

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Accountant-Man
Level 13
‎07-19-2025 01:00 PM

On this post you sold it before you bought it. How?

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