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Retirement tax questions
To enter the sale of a second home in TurboTax Home and Business, follow these instructions:
- Open or continue your return in your TurboTax software
- In the search box, search for sold second home and select the Jump to link at the top of the search results
- Answer Yes on the Did you sell any investments in 2021? screen
- If you land on the Your investment sales summary screen, select Add More Sales
- On the Did you get a 1099-B or brokerage statement for these sales? screen, select No
- On the Tell us about this sale screen, select I’ll enter one sale at a time, and enter Second home (do this also for inherited homes) or Land in the Description box
- Enter the remaining info for your sale and continue through the screens until you reach Here’s all the investment accounts we have so far
- If you have more sales to add, select Add more sales
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April 14, 2022
5:13 PM