If you sold the second home for more than you paid for it, yes, you have a taxable capital gain.
To enter the sale
click on
Federal Taxes
then on
Wages & Income
then on
I'll choose what I work on OR Jump to Full list
scroll down to
Investment income
on the
Stocks, Bonds, Mutual Funds, Other line click start or update
answer no to the 1099-B/brokerage question and click continue
check the appropriate box, click Continue and follow the interview
For a second home, or any personal use property, for that matter, a loss on sale is not deductible, but a gain on sale is taxable as a short or long term capital gain.
