Which category do I use to report capital gains on the sale of a family member's home? I am a part owner of the home, which is not my residence.
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You would enter the sale of a second home in the investment section of TurboTax. Here are the instructions:
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I sold my second home, which I rented for 2 years (This was my primary residence for 3 years in last 5 years). I am using TurboTax Home & Business CD.
I have few questions (I am asking this here because, I could not find "As a Question" button which used to be there):
1. I am on a page where it is asking this question, what should I answer? "Was this asset included in the same of your main home"?
2. I have not got 1099-S yet but have requested it. What info do I need for this?
3. I lost the original HUD doc when I bought the home, does that matter?
Thanks a lot. This helps. Where do I contact to get my HUD document?
Either the title company or bank you worked with on the transaction should have the HUD documentation on file.
Your real estate agent also may have your information.
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