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eugenehanks2
Returning Member

Vacation home capital gains tax

Bought 1/12th of Condo 20 years ago for $20,000. Used it for one month a year. Other months owned by other owners. Sold for $45,000 Where to I enter on Turbotax for capital gains?
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2 Replies
M-MTax
Level 14

Vacation home capital gains tax

Was this for personal use? Did you ever rent your month?

Vacation home capital gains tax

Assuming it was only personal use, you would go to the section for sales of stock, investments and other assets.  Choose the asset type (I think it will be "something else" in this case.). Enter your purchase price, purchase date, selling price, selling date.

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