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Investors & landlords
Sale of a second home is entered in the investment section of TurboTax. Follow these instructions:
- Open or continue your return in TurboTax.
- In the search box, search for sold second home and select the Jump to link in the search results.
- Answer Yes on the Did you sell any investments in 2018? screen.
- If you land on the Here's the info we have for these investment sales screen, select Add More Sales.
- Answer No to the 1099-B question.
- On the next screen, select Second Home (choose this also for inherited homes) or Land. Select Continue.
- Follow the instructions to completion.
This will generate a schedule D and Form 8949. Schedule C is for self-employment income and will not be generated by the sale of a second home.
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‎June 27, 2020
9:24 AM