TurboTax Premier has a category for the sale of a second home.
- Type 1099-b in Search (magnifying glass) in the top right corner
- Jump to 1099-b
- On “Your investments and savings,” select +Add investments
- Skip “Relax. We got it.”
- On “Let’s import your tax info,” choose Enter a different way
- On “OK, let's start with one investment type,” select Other, then Continue
- On “Tell us more about this sale,” enter Second Home
- On “Now, enter one sale for Second home,” chdrop-downnd home in the drop down for What type of investment did you sell?
- Complete the rest of the entries.
Your sales price can either be the gross or net sales price (gross less expenses). If you report the gross sales price, you can deduct sales expenses on the next screen by selecting I paid sales expenses that aren’t included in the sale proceeds reported on the form.
Your cost basis is your purchase price plus the cost of any improvements.
Your gain is reported by Pennsylvania because you are a PA resident. Pennsylvania will give you a tax credit for taxes paid to South Carolina.
Without knowing any specifics, I can’t tell you whether your South Carolina refund is correct. You would file a nonresident South Carolina return.
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