LorianneH Posted October 14, 2013 Report Share Posted October 14, 2013 Hi, With the sale of property that was held for investment, I am unsure of which option to choose for "Transaction type." Should it be "Nonbusiness gain or loss" or "Personal sales?" Thanks!! Quote Link to comment Share on other sites More sharing options...
joanmcq Posted October 14, 2013 Report Share Posted October 14, 2013 Neither. You only use the 'transaction type' if there is a special circumstance. 'Personal' doesn't allow loss. Investment property (unless a rental) is like any other item held for investment. Quote Link to comment Share on other sites More sharing options...
LorianneH Posted October 14, 2013 Author Report Share Posted October 14, 2013 Thank you very much!! Quote Link to comment Share on other sites More sharing options...
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