491286
Do I check "Second Home' or "Everything Else" for the sale of investment real estate property, never used for rental or business and if Second Home should be checked then why do /i need to check Personal Use when in fact it was held for investment and if "Everything else" is checked and the 1099S shows gross proceeds and I put in net proceeds then it wont match to the gross proceeds form sent to IRS and there is not an option to put selling costs under "Everything Else"
You'll need to sign in or create an account to connect with an expert.
Use the Everything else category and enter the NET proceeds on the screen.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MrsMacAdoo
New Member
business mileage for rental real
New Member
JRS7217
New Member
M_S2010
Level 1
Stevesleft
Level 1