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capital gains exclusion
Where in TurboTax Premier do you claim the capital gains on the sale of a second home. We meet the requirements for the exclusion. I entered the sale of the second home under Investments, but where is the information to claim the exclusion? Should this be entered elsewhere?
Type of investment: Second Home
Receive the investment: I purchased it
Description: used the address
Received investment: 08/29/2008
Date sold: 07/22/2024
Proceeds (from 1099-S): sale price
Total amount paid: Is this the purchase price plus the cost of improvements, i.e., Adjusted Basis?
There is no where to enter the improvements except to include them in with the above. The 'Learn more' explanation only refers to 1099-B.
‎February 14, 2025
3:26 PM