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To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
On the screen Did you sell stocks, mutual funds, bonds, or other investments in 2021? click on Yes
On the screen OK, let's start with one investment type click on Other and then on Continue
Continue past the screen Tell us more about this sale
On the screen Now we’ll walk you through entering your sale details, select the type of investment sold in the dropdown on What type of investment did you sell?
Continue with this section until it completes.
Report the sale of a "second home" in the Investment Section. Since it is not a rental nor your primary residence, it defaults to this category. If this were your personal home, there would be no loss allowed. If the property was purchased as an investment, then a loss may be possible.
Could you explain the circumstances of this purchase and sale? Was this a "flip" that you bought it with the intent to make improvements then sell at a profit? If so, is this the first time you have done it, and are you intending to do it again?
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