@JotikaT2 I sold a second home and purchased Turbo Tax Premier on CD so I can report the sale. I tried to follow the same directions that were posted. My screens are as follows:
Choose type of investment you sold - select Second Home
9. Some basic information:
1. Description – Usually the address of the property sold
2. Sales Proceeds – Net proceeds from the sale (select box to input selling expenses not reported on 1099-S)
3. Date Sold – Date you sold the property
10. Tell us how you acquired the property - purchased
11. Any business or rental use? - select personal use only (please note that capital losses are not allowed on personal use property) If you make another selection, you may need to report this sale under sale of business
12. Some Basis information
1. Date Acquired
2. Original cost basis
3. Cost of improvements
Any help or further instructions would be super helpful. I am running out of time. I spent the $30 extra for Premiere because it is supposed to have this extra section, but I don't have it and I need it.
You'll need to sign in or create an account to connect with an expert.
Log back into your TurboTax program.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mmjacobson67
New Member
venardos33
Returning Member
watergirl2
Level 4
clynnew4
New Member
friendassistance
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.