AmyC
Expert Alumni

Investors & landlords

@cottagecharm11  Since it was not a rental property in 2020, the program does not want to make it business property sale. Since it was last a second home, enter it on the sch D using form 8949.

 

You will want to use your adjusted basis with the depreciation deduction for the time it was rented. Keep a copy of how you reached that number and all supporting paperwork with your return.

 

  1. Go to federal income section 
  2. click on Add More Income
  3. scroll down to Investment Income
  4. Show more
  5. Stocks, Mutual Funds, Bonds, Other
  6. Start:  Continue answering the questions.
    1. Yes,
    2. 1099-B - no,
    3. one sale at a time and the boxes appear for your entries.
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