Sale of second home
- 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.
Inherited house has a cost basis equal to the fair market value on date of death plus any improvements (since inherited) plus expenses of sale.
The sales price should match the 1099-S you received.
@avenger5858
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