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elenalida
New Member

How can I report the sale of secondary home, I've sold two houses in 2018 , but the TT don't let me to report one as a secondary, both forms marked as main residences?

There is no provision in the program to report the sale of the secondary residence, after reporting the sale of the main house  i tried to report the sale of the second, but the second form is marked as main resident and I've not found the way to edit it

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Accepted Solutions
Coleen3
Intuit Alumni

How can I report the sale of secondary home, I've sold two houses in 2018 , but the TT don't let me to report one as a secondary, both forms marked as main residences?

There are two different places to enter the sales since there are two different types of property. The sale of your main home is entered following the steps below.

  1. Scroll down the screen until to come to the section “Less Common Income”
  2. Choose “Sale of Home (gain or loss)” and select “start’

The second home is entered here; please follow these steps:

  1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
  2. Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
  3. Next click on “I’ll choose what I work on” (jump to full list)
  4. Scroll down the screen until to come to the section “Investment Income”
  5. Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ (or “update” is you have already worked on this section)
  6. The first screen will ask if you sold any investments during the current tax year (This includes any sale of real property held as an investment property so answer “yes” to this question)
  7. Since you did not receive a 1099-B, answer “no” to the 1099-B question
  8. Choose type of investment you sold - select Second Home

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1 Reply
Coleen3
Intuit Alumni

How can I report the sale of secondary home, I've sold two houses in 2018 , but the TT don't let me to report one as a secondary, both forms marked as main residences?

There are two different places to enter the sales since there are two different types of property. The sale of your main home is entered following the steps below.

  1. Scroll down the screen until to come to the section “Less Common Income”
  2. Choose “Sale of Home (gain or loss)” and select “start’

The second home is entered here; please follow these steps:

  1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
  2. Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
  3. Next click on “I’ll choose what I work on” (jump to full list)
  4. Scroll down the screen until to come to the section “Investment Income”
  5. Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ (or “update” is you have already worked on this section)
  6. The first screen will ask if you sold any investments during the current tax year (This includes any sale of real property held as an investment property so answer “yes” to this question)
  7. Since you did not receive a 1099-B, answer “no” to the 1099-B question
  8. Choose type of investment you sold - select Second Home
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