JamesG1
Expert Alumni

Retirement tax questions

In TurboTax Online, under the search microscope in the upper right hand corner of the screen, enter 'sale of second home'.

 

Click on 'Jump to sale of second home'.  The sale is recorded as the sale of an investment.  Or you may follow these steps.

 

Click on Federal down the left side of the screen.

 

  • Click on Wages & Income down the left side of the screen.
  • Scroll down to Investments and Savings and click the down arrow to the right.
  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • At the screen Let's finish pulling in your investment income, select Add investments.
  • At the screen Save time and connect your financial accounts, select Enter a different way.
  • At the screen How do you want to add your docs?, select Type it in myself.
  • At the screen OK, let’s start with one investment type, click Other, land, second home, personal items, 1099-S).  Click Continue.
  • Under What type of investment…., select Second home.
  • Enter the sales information.  You may or may not have received an IRS form 1099-S.

 

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