Timeshare Points Exchange - 1099-S

[safety ace]

Where in Turbotax Premier do I enter a non-taxable exchange related to a timeshare?  I "sold" my existing timeshare points and purchased additional timeshare points, using the value of the old points as a credit towards the additional points purchase.  I made no profit on the exchange, but received a 1099-S for the transaction.

[AmyC]

A timeshare is considered a second home so you enter the sale as though you sold the home. Keep track of your records to show your basis in the new property. See Where do I enter the sale of a second home, an inherited home, or land on my  taxes?