Since you did not receive a 1099-B for the sale of your second home, you should not be receiving this message about the 1099-B.
To enter this transaction in TurboTax Online or Desktop, please follow these steps:
- Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
- Scroll down the screen until to come to the section “Investment Income”
- Choose “Stocks, Mutual Funds, Bonds, Other”
- Select Other
- The first screen will ask if you sold any investments during the current tax year
- Since you did not receive a 1099-B, answer “no” to the 1099-B question
- Choose type of investment you sold - select Second Home
- Some basic information:
- Description – address
- Sales Proceeds – Net proceeds from the sale
- Date Sold – Date you sold the property
- Cost basis - From your Information
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