A loss on the sale of a personal residence, not used as a rental or in a business, is not deductible on a federal tax return. You must report the sale (gain or loss) if you received a Form 1099-S
To report the sale of the second home -
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
On the next screen, click Yes
On the next screen, click No
On the next screen, choose Second Home and continue with the section until it completes.
A loss on the sale of a personal residence, not used as a rental or in a business, is not deductible on a federal tax return. You must report the sale (gain or loss) if you received a Form 1099-S
To report the sale of the second home -
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
On the next screen, click Yes
On the next screen, click No
On the next screen, choose Second Home and continue with the section until it completes.