WHERE do I adjust the cost basis of a second home I sold. I know the basis from the repairs made to sell the house. However, on the investment section for the 1099-B it specially states leave as $0 and we will help you adjust. Only, there is not help.
Anyone know where to enter?
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Since you did not receive a 1099-B for the sale of your second home, you should not be receiving this message about the 1099-B.
To enter this transaction in TurboTax Online or Desktop, please follow these steps:
This section is not asking if I received a 1099. Therefore it is automatically checking the wrong box on the 8949. How can I change this? Does the 8949 transmit electronically?
For the form 8949, either box C or box F should be checked since it is not on a 1099-B. You may need to review your steps to be sure you selected second home.
If you are using the desktop version, you can switch to Forms mode to make the correction and go back through step-by-step to pick it up. Be sure there are no overrides in forms mode when done.
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