The information on Form 1099-S is not directly entered into your tax return. You will use the information from Form 1099-S along with the settlement statement from the sale of your second home to report a capital gain if any.
To enter the sale of your second home with TurboTax open follow these steps:
- Enter home sale in the search box
- then click jump to home sale in the results box.
- Follow the screen prompts to enter your sale information.
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