rjs
Level 15
Level 15

Deductions & credits

Using the house as a home for your daughter, who did not pay rent, is a personal use. You cannot deduct the loss on the sale. If you did not receive a Form 1099-S you do not have to report the sale at all.


If you did receive a Form 1099-S, you enter the sale in TurboTax as an investment sale. Start in the topic for "Stocks, Mutual Funds, Bonds, Other." When it asks you what type of investment you sold, select "Second Home." The sale will be reported on Form 8949 and Schedule D, with zero gain or loss. (These instructions for entering the sale are for 2018 TurboTax. TurboTax for 2019 is not available yet. I assume the procedure will be similar.)