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How do I enter the sale of a second home in 2022? I have entered it as an investment, but there is no way to separate the improvements from the purchase price.

 
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TeresaM
Expert Alumni

How do I enter the sale of a second home in 2022? I have entered it as an investment, but there is no way to separate the improvements from the purchase price.

Sale of your investment home will go in the Wages and Income section, from the left menu. (If you lived in the home for two of the last 5 years or used this as a business property, it may qualify for other treatment.)

 

  1. Scroll down to Investments and Savings and click on Show More
  2. Click on Start or Revisit for Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) 
  3. Click to add an investment
  4. On the Let's import your tax info screen, at the bottom click on Enter a different way




Select Other and click Continue

 

You do not need to have a Form 1099-B




You can list improvements, sales commissions, and other expenses on the next screen. 

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