topic Vacation home capital gains tax in Deductions & credits

Vacation home capital gains tax

eugenehanks2 — Wed, 10 Dec 2025 22:40:15 GMT

Bought 1/12th of Condo 20 years ago for $20,000. Used it for one month a year. Other months owned by other owners. Sold for $45,000 Where to I enter on Turbotax for capital gains?

Re: Vacation home capital gains tax

M-MTax — Thu, 11 Dec 2025 22:53:07 GMT

Was this for personal use? Did you ever rent your month?

Re: Vacation home capital gains tax

Opus 17 — Fri, 12 Dec 2025 18:35:30 GMT

Assuming it was only personal use, you would go to the section for sales of stock, investments and other assets. Choose the asset type (I think it will be "something else" in this case.). Enter your purchase price, purchase date, selling price, selling date.