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Investment sold "Second Home" or "Everything else"
I sold a second home in 2019. For "Choose the type of investment you sold" I selected "Second home" and entered the sale and cost information. After I entered the details TurboTax canceled the entry (I don't remember the reason) and said that I should choose "Everything else" as the sold investment type. I did that and re-entered all of the details. I saw that my tax was lower after entering the costs than it was when I chose "Second home." I ended up with a long term loss = -$5000.
Why did TurboTax cancel my "Second home" entry and recommend using "Everything else?"
Which type should I use?
‎February 15, 2020
6:41 PM