form 1099s sale of time share. although turbotax says form can be on deluxe

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  • August 13, 2020 at 6:09 pm #7637
    jon
    Participant
    August 13, 2020 at 6:13 pm #7638
    jon
    Participant

    although turbo tax says form can be found on deluxe version, unable to locate it. how would I handle this, since it is a loss, but must reported with 2020 tax return?

    August 14, 2020 at 9:09 pm #7658
    ruth
    Participant

    Report the sale or exchange on Form 8949 and enter the amount of the nondeductible loss as a positive number in column (g).

    August 14, 2020 at 9:50 pm #7660
    jon
    Participant

    thank you, ruth for your reply

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