Where to I enter the Sale of vacation Home

[bmoegg]

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

[abctax55]

Ummm   Nowhere?

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

[jeffmcpa2010]

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

[Just-Lisa-Now- · Accepted solution]

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.

[bmoegg]

Thanks Lisa