We sold an Oregon house in 2021 due to an unexpected change of my employment. We lived in CA for entire 2021 and never move in the Oregon house. We bought the house with cash in June and sold it in Oct, 2021 with $25K loss. Since no mortgage companies are involved, all we have are the title company's closing statement and our expenses tracked in a spreadsheet.
I have been advised by TaxAct rep that I can just report it as an investment sale (with short-term capital loss). It's the first time that I have to report something like this. Any suggestions? Thank you so much for your help!
