HOW DO I REPORT THE SALE OF A SINGLE FAMILY HOME THAT IS A INVESTMENT PROPERTY THAT I HAVE OWNED FOR MANY YEARS ON TURBO TAX?

krssr1 · ‎June 5, 2019

DoninGA · ‎June 5, 2019

Was this second home ever a rental property?

ScruffyCurmudgeon · ‎June 5, 2019

Based on your statement that this property, the house, was an "investment property" - you should go to the Personal Income section of the interview and report this in Investment Income - similar to reporting the sale of a share of stock or the sale of a bond.

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67

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HOW DO I REPORT THE SALE OF A SINGLE FAMILY HOME THAT IS A INVESTMENT PROPERTY THAT I HAVE OWNED FOR MANY YEARS ON TURBO TAX?