1099S form a bit confusing under type of investment choices were 2nd home or other, if I choose 2nd home it does not allow deduction if I choose other it does?
It was an inherited home that was sold immediately at FMV (so no capital gain) however after adding it selling costs i thought it would then be a capital loss and give some type of deduction. if you enter it as 2nd home it does not give you a deduction , if you enter it as other then in other drop down state inherited and under description sold inherited home it will give you the deduction but not if 2nd home is checked so question is is an inherited home sold immediately at FMV classified as a 2nd home or Other?
