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TurboTax Help
Intuit

Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes?

You can enter this info in the investment section of TurboTax. Select the product you’re using for the right instructions.

Note: To report investment sales, you’ll have to use TurboTax Premier, TurboTax Self-Employed, or TurboTax Home & Business.

  1. Open or continue your return
  2. In the search box, search for sold second home and select the Jump to link
  3. Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2020? screen
    • If you land on the Your investment sales summary screen, select Add More Sales
  4. On the OK, what type of investments did you sell? screen, select Other, then Continue
  5. On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
  6. On the next screen, select Second Home (choose this also for inherited homes) or Land and answer the questions to finish entering your sale
  1. Open or continue your return
  2. In the search box, search for sold second home and select the Jump to link
  3. Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2020? screen
    • If you land on the Your investment sales summary screen, select Add More Sales
  4. On the Did you get a 1099-B or brokerage statement for these sales? screen, select No
  5. Answer the questions and continue through the screens to finish entering your sale

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