Sale of Second Home 1099-S 2020 Turbo tax Premier

I have done everything the discussion board says to do for entering the sale of a second home ....  there is no type of sale for a second home....  only asking for 1099-B.  how do I enter my 1099-S?

 

This is all I get - I have a 1099-S and need to include it.  How do I do that?

 

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Investors & landlords

Select that you will enter one sale at a time and enter the transaction on the following screen (as if it were the sale of a stock or bond).

 

If you have a loss, make sure you check the appropriate box on a following screen since losses from the sales of personal use property are not deductible.

 

If you have ever used the second home as a rental, you will have to use a different method to enter the sale.

Investors & landlords

It has different data boxes... and does not correlate with the sale of a second home.

Investors & landlords


@Dboersma wrote:

It has different data boxes... and does not correlate with the sale of a second home.


It has all of the data boxes you need to report the sale.

 

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Investors & landlords

The sale of a second home is entered just like stock sales  on the same screen and will be reported on the Sch D & 8949 ... there is no direct 1099-S entry screen because the IRS doesn't require it ... the sale on the 1099 just needs to be reported on the Sch D so don't get hung up on the box labels. 

Investors & landlords

@tagteam I’m also stuck on this section. I sold my second home at a loss ...i filled everything out but it’s still saying I can use $3000 capital loss for 2020 and $110k to carry forward for 2021 but you had mentioned to make sure I click on the correct box since losses can’t be deducted. 

Investors & landlords

@ECordon82 

 

You have to check the box near the end of the section (see screenshot).

 

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