"This is DIY income tax preparation software and not many, apparently, can readily determine that they should list the sale of a home held for investment purposes under "Stocks, Mutual Funds, Bonds, Other"."
tagteam, That is so true! I reviewed the Home Sale section again and nothing there mentions reporting the home as an investment. It merely asks if you lived there, and if you check No, it then asks for these things in this order:
-Address
-Date Sold, Selling Price, and Selling Expenses
-Was this home used for personal purposes on ? (That is not my typo)
Yes, the home was being used for personal purposes as of the date of sale
No
-Enter Basis of Home (It ends with this regardless of your Yes or No answer)
-Home Sale Result
So, that is all there is for Home Sale, and that's a problem for TTax users!
