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Deductions & credits
Let me help. The sale of second home is an investment that was sold. Go to personal income and select Stocks, bonds, other to enter your 1099-S income.
- 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 18, 2023
12:33 PM