AmyC
Expert Alumni

Deductions & credits

@geneagray   

 If it was your second home, it goes on Sch D.

  1. Go to income section 
  2. click on Add More Income
  3. scroll down to Investment Income
  4. Show more
  5. Stocks, Mutual Funds, Bonds, Other
  6. Start:  Continue answering the questions.
    1. Yes,
    2. 1099-B - no,
    3. one sale at a time and the boxes appear for your entries.

If it was a rental house, go to your depreciation and mark that you sold/disposed of the property and continue through that section. See Need to enter sale of rental property where do I find this schedule?

 

Either way:

The sales price should match the 1099-S you received.

The cost basis is what you paid, plus improvements plus expenses of sale.

Holding period would be long term if for more than 1 year.

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