TurboTax desktop version downloaded a new update for me this morning. The online help has been modified for the "Sale of Second Home" topic. It now includes 2 links -- one for the process in the online version and one for the process in the downloaded/CD/Desktop version. The desktop version of the help now matches the actual screens. However, the basic process has not changed in the application. Intuit clearly just wants us to use the same screen for all investment types. There is now a second screen of entry fields that I cannot remember if it was there previously or not. It prompts for accrued market discount, wash sale loss disallowed, proceeds from collectibles, federal tax withheld, state tax withheld, state ID number. None of those particularly relate to a sale of a second home however.
In my situation, I guess the minimal fields they provide will suffice for me to file the info about my second home sale. Looking at the IRS instructions for my situation, I think Turbotax is entering the right data in the right forms. But it still feels like a "dirty" transaction to me given that the software doesn't specifically address the situation more naturally. I'm disappointed in Intuit and will likely consider other options going forward.
