The second home was never a rental and will be sold to a sibling for cost.
You'll need to sign in or create an account to connect with an expert.
Fortunately, you will not be taxed on the sale of a second/investment home if you have no gain.
Fortunately, you will not be taxed on the sale of a second/investment home if you have no gain.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
BenedictaIris
New Member
fanfare
Level 15
hcgma2020
Level 2
TheGuttes
New Member
DCDC2
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.