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posted Jun 28, 2020 10:19:23 AM

I sold a second home/investment property in 4/19 and i never received a 1099 for the gains. how do i report this without having the 1099

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1 Best answer
Level 15
Jun 28, 2020 10:36:13 AM

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.

 

1 Replies
Level 15
Jun 28, 2020 10:36:13 AM

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.