TaxGuyBill
Level 15
06-16-2020
09:04 AM
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@margowalkercpa wrote:It is inherited investment property
If you ask a question, it helpful to have as much detail as possible. What does "investment" property mean?
If it is a rental, the sale should be an ordinary loss on Form 4797.
If it was not a rental, the sale should be a capital loss on 8949/Schedule D.