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Vanessa A · ‎March 27, 2025

You are correct, it should be entered in the investment section. The entry for the proceeds and the previous owners cost basis are on one page together.

If you enter this in the 1099-S section, it will be treated as your home. As long as you do not enter that you lived there more than 2 out of the 5 years, you should NOT get the Home Sale Exclusion deduction.

Either way, the sale will be reported on Schedule D.

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