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Returning Member
posted Mar 17, 2023 4:39:51 PM

sale of second home

when printing out the return form 8949 it is saying sale of main home when it was a vacation home with a different address.  Can this be changed and if so how?    I also took the money from the sale of the second home and bought another second home.   does it matter? 

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4 Replies
New Member
Mar 17, 2023 4:45:10 PM

Pretty sure that when you started on the Sale of Your Home, Turbo Tax asks if it was your Main Home. I would go back to the beginning of that section and your answer will be there.

Level 15
Mar 17, 2023 4:52:17 PM

no, it doesn't matter that you bought another home. there is no home sale exclusion available for a non-principal residence and there is no longer a tax rule that allows rolling over the gin from one residence to another.

 

Returning Member
Mar 17, 2023 5:01:22 PM

tried that did not change still says main home.

Returning Member
Mar 17, 2023 5:01:59 PM

thank you