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Deductions & credits
If it was your second home, it goes on Sch D.
- Go to income section
- click on Add More Income
- scroll down to Investment Income
- Show more
- Stocks, Mutual Funds, Bonds, Other
- Start: Continue answering the questions.
- Yes,
- 1099-B - no,
- 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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‎April 12, 2021
4:24 PM