Sale of 3rd home/investment prop

[taxbrewster]

Quick question for you all...I know it is late.

T/P received a 1099-S for house in Washington state for $7500, thought he could make money on the house 5 years ago, sold it for a loss, this year. Bought it for 18,500. Maybe went to the property once a year to check it out. Never rented. Never told me about it until this year. Could it be classified as a capital loss? Should I just report it on the Sch D or 4797? Not sure what do or if it is even deductible?

Thanks!

[Gail in Virginia]

Sounds like investment property to me - capital loss on Schedule D.

[OldJack]

I agree with gailtaxed.

[taxbrewster]

I researched a little more last night, I agree, off to the sch d. thanks.