AmyC
Expert Alumni

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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