You report the income as "Other" income as follows:
1. From the Federal menu in TurboTax find Wages and Income
2. Find Less Common Income
3. Choose Miscellaneous Income, 1099-A, 1099-C
4. Choose Other Reportable Income
5. Enter a description of the income and the amount
You can enter the property taxes as itemized deductions in the Deductions and Credits section and then Your Home and then Property Taxes if the property is your chosen second home. That will only help you if you benefit from itemizing your deductions.
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