Re: Taxpayer purchased property never renter or lived in property. Later sold property at loss. Does it needed to be reported on Tax return? If so should it be reported on Schedule D

sjrcpa · ‎11-09-2022

Yes it needs to be reported. There will be a 1099-S with the sale price. IRS will come calling if it is not on the return.

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