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Haydenrc58
February 17, 2025
Question

i sold land in NC i live in FL - Original purchased in 2004, sold in 2024 for a loss.where do i input this information on my 2024 tax return

  • February 17, 2025
  • 1 reply
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    1 reply

    M
    MAK70
    February 17, 2025

    You will enter as an Investment sale.  You can deduct as a capital loss in TurboTax- see Where do I enter the sale of a second home, an inherited home, or land on my 2024 taxes?  TurboTax will transfer the information to the North Carolina nonresident return.  You will be required to file a nonresident North Carolina return because you had NC gross income if your federal gross income is Single $12,750 or Married - Filing Joint Return $25,500.

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