JillS56
Expert Alumni

Deductions & credits

Yes, the sale of the investment property (such as a second home) should be entered the same as stock sales are entered.  The acquisition date is the date you purchased the property.  The sale date is the date of the sale.   Proceeds are the gross sale price and the cost is the purchase price of the property plus improvements to the property and closing costs.  It would be classified as long-term.