It's dismaying to see how hard TurboTax makes it to enter sale of a second home in the downloaded Premier version of the software. TurboTax is the sort of software that I expect to ask me questions like, "How much did you spend on repairs to this home?" It's hard for me to believe that the sale of a house is the same thing as sale of a stock with the same annual expenses. That's so counter-intuitive, I'd expect it to say that somewhere explicitly.
I expected better from them and next year will be the first year I look for a competitor. I will read and reread the thread and try to distill it for anyone using Premier, though if I find such instructions I'll link there here too.
It's just such a weird contrast to the rental section, where you get asked about things as detailed as what your property management expenses are and what you paid on taxes. It seems very weird to me that all that matters in the sale of inherited property or any second home is how much you paid and how much you sold. Wouldn't it be nice if the tax code was that simple, but I'm doubting it is.
