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We had 1/2 interest in a vacation home. we sold it in 2018. the 1099-S form is for 1/2 of the proceeds. where do we report this?

 
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DDollar
Expert Alumni

We had 1/2 interest in a vacation home. we sold it in 2018. the 1099-S form is for 1/2 of the proceeds. where do we report this?

You will report that in the same section that you report stock and other investment sales.  To enter:

  • Type "Investment sales" in the search window and click Enter
  • Click on "Jump to Investment income (gains and losses)"
  • On the page with "Did you sell any investments in 2018?"  Answer Yes
  • Answer No to "Did you get a 1099-B..."
  • On the "Choose the type of investment you sold" Indicate "Second Home"
  • The interview will walk you through entering the details of the sale

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1 Reply
DDollar
Expert Alumni

We had 1/2 interest in a vacation home. we sold it in 2018. the 1099-S form is for 1/2 of the proceeds. where do we report this?

You will report that in the same section that you report stock and other investment sales.  To enter:

  • Type "Investment sales" in the search window and click Enter
  • Click on "Jump to Investment income (gains and losses)"
  • On the page with "Did you sell any investments in 2018?"  Answer Yes
  • Answer No to "Did you get a 1099-B..."
  • On the "Choose the type of investment you sold" Indicate "Second Home"
  • The interview will walk you through entering the details of the sale

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