AmyC
Expert Alumni

Deductions & credits

The sale of second home is entered on sch D which is part of investments.

  1. If you go into the Wages and Income section of your return,
  2. scroll down to investment Income.
  3. Select Stocks, Mutual, Other
  4. Did you get a 1099-B, no
  5. Tell us about this sale. 
  6. Click on I'll enter one sale at a time, boxes drop down.
  7. Box 1 description Second home
  8. continue filling in the boxes.

 

Box 1d sale proceeds will match your 1099-S amount.

Box 1e cost basis (usually how much you paid) plus capital improvements plus selling expenses

 

@Dianaboston

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