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Deductions & credits
1. After sign in, select Take me to my return /
2. At the right upper corner, in the search box type in sale of second home then press Enter /
3. Select the 1st choice on the search results - Jump to sale of second home /
4. Program will take you directly to screen, Did you sell any investments in 2015 ? / select Yes.
5. Under Choose the type of investment you sold, select Second Home and follow through the prompts.
A gain on sale is taxable as a short or long term capital gain and no deduction on loss of sale.
‎June 4, 2019
4:35 PM