We are residents of Florida, I have had a 2nd home in KS since 2021. How do I report the income from this sale, as I sold to my daughter for a small profit

[rsestini]

Report income from vacation home

[AnnetteB6 · Accepted solution]

The sale of a second home is considered to be the sale of an investment.  It will be reported on Schedule D and the profit will be subject to capital gains tax.  

Additionally, since the property was in KS instead of your resident state, you will be required to file a KS nonresident tax return if there was an overall profit from the sale of the property.  

To learn more about how to report the sale in TurboTax and read about the KS tax return filing requirements, use the following links:

Where do I enter the sale of a second home, an inherited home, or land on my 2025 taxes?
 

KS Nonresident Filing Requirements

[rsestini]

Thank You Very Very Much, I had went to chatGpt and found the answer as well ..... Fortunately I do not have to pay tax in KS, but still needed to report it.   The gain was a capital gain and feds need the $$$$ ..... Again Thank You for your reply