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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Remove all entries from the sale of home section. Make believe it was a sale of stock and enter like that.
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I would uncheck "sale of home." If you're already at a loss, you don't need a gain exclusion.
Hi Karl! I unchecked the sale of home box and it removes the sale from Schedule D and the 8949 disappears.
Thank you SJR that worked! I also had to remove the checked box for "Inherited"
On this post you sold it before you bought it. How?
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