Second home sale not primary residence. Not investment

[sbpleasant65]

I sold a home that was purchased and used for my dependents to live in while attending college. How do I enter this in turbo tax.  Are there capital gains on non rental, non investment, second home property?

[jerry2000]

If you sold the second home for more than you paid for it, yes, you have a taxable capital gain.
To enter the sale
click on
Federal Taxes
then on
Wages & Income
then on
I'll choose what I work on    OR  Jump to Full list
scroll down to
Investment income
on the
Stocks, Bonds, Mutual Funds, Other line click start or update
answer no to the 1099-B/brokerage question and click continue
check the appropriate box, click Continue and follow the interview

For a second home, or any personal use property, for that matter, a loss on sale is not deductible, but a gain on sale is taxable as a short or long term capital gain.

[LinaJ2018]

1.  After sign in, select Take me to my return /

2.  At the right upper corner, in the search box type in sale of second home then press Enter /

3.  Select the 1st choice on the search results - Jump to sale of second home /

4.  Program will take you directly to screen, Did you sell any investments in 2015 ? / select Yes.

5.  Under Choose the type of investment you sold, select Second Home and follow through the prompts. 

A gain on sale is taxable as a short or long term capital gain and no deduction on loss of sale.