Vacation Home

[thomas0379]

I sold a vacation property in a different state as my primary property in 2022. How do I enter this in TurboTax? I initially went through and entered this the same as my primary property (which I also sold in 2022), but the results don't make sense. In entering information about the vacation property sale, it kept mentioning primary property. Additionally, according to the web, the tax should be paid to the other state, but mine only includes my current state. The information I have found online about completing this do not align to the current version of TurboTax Premier. Any input on how I should be inputting this information?

[DoninGA · Accepted solution]

You do NOT enter the second (vacation) home sale in the section for the sale of your personal primary residence.

The second home sale is reported as an investment sale (not on a Form 1099-B) -

To enter an investment sale -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B), click the start or update button

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 asking for investment type, select Other

On the screen asking for What type of investment did you sell? use the dropdown and select Second Home