@kkjohnston wrote:
I cant find where to enter realtor fee from cost basis on sale of 2nd home it says line 1E . where is that?
The Form 1099-S that you received has the proceeds you received from the sale after all fees, including the sales commission, from the sale were paid.
When entering the sale of the second home the amount shown on the 1099-S is what you should enter where asked for Net Proceeds.
To enter the sale of the second home -
To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Under Investment Income
- On Stocks, Mutual Funds, Bonds, Other, click the start or update button
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
On the next screen, click Yes
On the next screen, click No
On the next screen, choose Second home and continue with the section until it completes.
