- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You can use the address as the description. The date you received it was the day you purchased it or otherwise acquired the home. The date sold is whatever day in 2023 you sold the home. TurboTax needs the dates to determine whether you held the property for more than a year or less than a year.
The basis is your original cost of the property plus any improvements if you purchased the home
The proceeds are the amount you received when you sold the house.
The difference is your gain or loss and is taxed based on how long you held the property.
Reporting the sale of a second home
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 5, 2024
8:18 PM