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A possible bug in Turbotax2020 (home & Business) on entering "second home sale"???
I have TurboTax2020(Home & Business). I followed the following instructions from the Intuit website on
"Where do I enter the sale of a second home… on my 2020 taxes?"
but I still could not find the right page to enter the sale of a second home.
In my 2020 TurboTax (Home & Business), I did:
- Open or continue your return in TurboTax.
- In the search box, search for sold second home and select the Jump to link in the search results.
- Answer Yes on the “Did you sell any investments in 2020?” screen.
- If you land on the “Here's the info we have for these investment sales” screen, select Add More Sales.
- Answer No on the “Did you get a 1099-B or a brokerage statement for these sales?” screen.
- The next screen is “Tell us about this sale”. The 2 choices on this screen are:
- I’ll enter one sale at a time
- I’ll enter a summary for each sales category
Both choices are for stock sales ONLY and there is no way to enter second home sale.
The 2019 TurboTax (Home & Business) do NOT have this problem and it can report a second home sale without any problem.
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January 25, 2021
1:40 PM