To report the 1099-S sale of second home, follow these steps:
- In the upper right hand corner of the screen click on the magnifying glass Search icon.
- Type sold second home. Hit enter.
- Click on Jump to sold second home.
- At the screen Did you sell and stocks…., click Yes.
Answer the questions in TurboTax to see how much gain, if any, may be excluded. Gain that is not eligible for exclusion will be reported on Schedule D.
See also IRS Publication 523 Selling Your Home and this TurboTax Help.
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