I had to upgrade to Premier in order to report the sale of a second home. How do I enter the capital improvements to support the adjustment to the basis?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I had to upgrade to Premier in order to report the sale of a second home. How do I enter the capital improvements to support the adjustment to the basis?
Shouldn't there be a form or attachment to support the $$ added to the basis?
I had to upgrade to Premier in order to report the sale of a second home. How do I enter the capital improvements to support the adjustment to the basis?
If this second home was not a rental property then when it asks for the adjusted basis you will enter the total you have calculated as one amount ... there is no "form or attachment" to add to the return. If the IRS questions your figure later you can address it then.