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Investors & landlords
Yes, it would be investment property and considered a sale of a second home.
The second home sale can be entered into TurboTax Desktop version by following the steps below.
- Open your TurboTax account > Wages & Income
- Scroll to Investment Income > Select Stocks, Mutual Funds, Bonds, Other > Start or Update
- Select Enter a different way > Select the type of sale - Other
- Enter the details of the property sold - Select Second Home from the dropdown continue to enter your information
- Continue to finish your sale.
- See the image below for assistance.
- TurboTax Online Search > type 1099b (you're not really entering a 1099b) > Jump to ... Link > Scroll to Add investments
- Whether you specifically select Second Home is not relevant for the tax return itself.
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‎February 19, 2024
3:53 PM
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