TAX LIVES HERE WHEN TO MEXICO SOLD HIS HOUSE TO HIS SISTER FOR 10,000 WHAT FORM DO I USE

[Just-Lisa-Now-]

SCHEDULE D IS WHERE SALES ARE REPORTED

[sjrcpa]

And if he sold it for less than FMV he can't claim a loss, and he has made a gift to his sister.

[rcherenson]

You can't claim a loss on a sale to a related party. A sister is a related party.

There is a box in the sale section that you need to choose for related party sales, which will turn any loss recorded to zero.

[sjrcpa]

Good point. Totally slipped my mind.