I sold a second home in 2016. It was never my main home. I used the Home Sale Worksheet to enter my data, but this worksheet seems to be oriented toward main homes, not second homes. In fact the transaction shows up in Form 8949 as a "Main Home Sale". Is there a different worksheet I should use for homes that are not Main Homes?
You'll need to sign in or create an account to connect with an expert.
No, that worksheet is for the sale of your main home, and the exclusion of gain on the sale is not available for a sale of a second home.
We really don't recommend working directly in the forms in TurboTax. You should enter the sale in the Wages and Income section, under Investment Income, for Stocks,Mutual Funds, Bonds, Other.
You'll say that you did sell investments, but you didn't receive a 1099-B.
On the next screen, Choose the type of investment, select second home, and continue to enter the second home sale information.
I've included screenshots to show you where to enter this.
The forms that will be created will be: 1099-B Worksheet, Capital Gains Worksheet and Schedule D.
No, that worksheet is for the sale of your main home, and the exclusion of gain on the sale is not available for a sale of a second home.
We really don't recommend working directly in the forms in TurboTax. You should enter the sale in the Wages and Income section, under Investment Income, for Stocks,Mutual Funds, Bonds, Other.
You'll say that you did sell investments, but you didn't receive a 1099-B.
On the next screen, Choose the type of investment, select second home, and continue to enter the second home sale information.
I've included screenshots to show you where to enter this.
The forms that will be created will be: 1099-B Worksheet, Capital Gains Worksheet and Schedule D.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
CariSalalac
Level 1
taxman2011
Level 2
magicstar41000-y
Level 2
rlangpsd
New Member
VERYfrustrated1
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.