selling a second home

cookie — Wed, 26 Feb 2025 16:17:37 GMT

Live in state A, sold second home in State B. I completed Fed and State taxes for state A. Then I went back to Federal and added the sale of the second home. I was able to list the second state in that. But TT premiere did not throw out any help for the state B taxes. Do I just file state B on my own? i did complete 8949 and Schedule D.

Re: selling a second home

DavidD66 — Wed, 26 Feb 2025 16:45:17 GMT

I recommend that you delete state A in your return, and then add and complete a non-resident state B tax return. As you go through the state B return you will be able to allocate different types of income to state B, you will allocate 100% of the gain (assuming there was one) on the sale of the second home located in state B. After you complete state B, then add and complete state A. This will ensure that you receive the proper credit for tax paid to another state on your state A return. You will then be able to e-file both state returns.

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selling a second home

Re: selling a second home