Form 8949 - Investment Property

[LorianneH]

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!!

[joanmcq]

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.

[LorianneH]

Thank you very much!!