You will need to upgrade to the TurboTax Premier online edition to report the second home/investment property sale.
If this investment was used for business (rental, business expense, farm, etc.) then Go to the Sale of Business Property - Enter sale of business property in the Search box located in the upper right of the program screen. Click on Jump to sale of business property
Otherwise -
To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Under Investment Income
- On Stocks, Mutual Funds, Bonds, Other, click the start or update button
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
On the screen Did you sell stocks, mutual funds, bonds, or other investments in 2019? click on Yes
On the screen OK, what type of investments did you sell? click on Other and then on Continue
Continue past the screen Tell us more about this sale
On the screen Now we’ll walk you through entering your sale details, select Second home in the dropdown on What type of investment did you sell?
Continue with this section until it compeltes.
