What category do I file the sale of my second home? I keep getting told to remove it in wages and income category.

[DexterS · Accepted solution]

Selling an second home would result in Investment Income.

You would enter that in TurboTax Premier as follows:

• Federal Taxes >> Wages & Income >> Scroll Down to >> Investment Income >> Stocks, Mutual Funds, Bonds, Other >>
• Select >> Start/Update
• Did you sell any investments in 2016 >> Select >> Yes
• Did you get a 1099-B or a brokerage statement for theses sales? >> Select >> No
• Choose the type of investment you sold >> Select >> Second Home >> Select >> Continue
• Fill in the details in the following screens and >> Select >> Continue until you get to
• Did you sell any other investments and didn't get a 1099-B >> If you answer Yes the program will loop back through the process again. If you answer No the program will take you to a gain/loss summary screen and you can Select >> Done