Sold Vacation Home

REL1956 — Mon, 23 Feb 2026 09:43:01 GMT

I sold a vacation home in 2022 that we have had for 18 years. In TT Premier there is not a place for the second home only the main home. I can enter the sale there and answer no to the questions about living in the home and it allows me to input the permanent improvements and addition we added. And the resulting figure is shown as a long term capitol gain. If I input it in as an other investment sold there is not a place to show these improvements so the the basis is increased. Sold a second home in 2015 and did not have this issue. Which is correct?

Re: Sold Vacation Home

KrisD15 — Mon, 30 Jan 2023 20:33:05 GMT

If this was not used for rental purposes, enter it as a sale of the main home.

Entering it as other investment would not work, since improvements of a rental (investment) are each listed separately.

If it was used as a rental, the sale of the house would be done in the rental section and depreciation recapture would need to be addressed.

topic Sold Vacation Home in Investors & landlords

Sold Vacation Home

Re: Sold Vacation Home