Where to I enter the Sale of vacation Home

Forum|Forum|4 years ago
March 22, 2022
4 replies
27 views

Client sold their vacation home in Costa Rice for a $3,000 loss. Not sure where to enter since the loss is not allowed.

ProSeries Basic

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

Sch D, use the 1099B worksheet, scroll down past the 1099B info section, Doubleclick on the entry line to get a screen where you can choose vacation home so it will assign Code L and not allow the loss.

abctax55

Level 15

Ummm Nowhere?

Unless there was a F 1099-S issued (unlikely for foreign property).

HumanKind... Be Both

J

jeffmcpa2010

Level 10

Just don't overlook that they may have ended up with a "Foreign Financial Asset" meeting the requirements to be reported.

Just-Lisa-Now-

Answer

Intuit Community Champion

Sch D, use the 1099B worksheet, scroll down past the 1099B info section, Doubleclick on the entry line to get a screen where you can choose vacation home so it will assign Code L and not allow the loss.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

B

bmoeggAuthor

Level 2

Thanks Lisa

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