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New Member
posted Apr 8, 2024 12:08:42 PM

Where to show sell of recreation property?

How to show sale of recreation property?

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1 Replies
Expert Alumni
Apr 8, 2024 12:16:34 PM

Yes, you can report the sale of your vacation home in TurboTax Online. Here's how to do that:

 

 

  1. Sign in to TurboTax. 
  2. Select Income & Expenses.
  3. Select Pick up where I left off or Review.
  4. Select Start or Update to the right of Stocks, Cryptocurrency, Bonds, Mutual Funds, Other, which is under Investments and Savings. 
  5. Answer the first question Yes, or if you already sales here  select Add more sales.
  6. Select Enter a different way.
  7. Select the Other tile, then Continue.
  8. Enter Second home or another descrirption as the name, then select Continue.
  9. For type, select Second home.
  10. For the next few boxes enter the information from your 1099-S. 
  11. Answer the rest of the questions according to your situation. 
  12. Select Continue.
  13. On the screen Let us know if any of these situations apply to this sale, select I paid sales expenses that aren't included in the sale proceeds reported on the form, then Continue.
  14. Enter the closing costs you had to pay to sell the property.