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wadecp
New Member

Where do i put sale of real estate that is not my personal residence

There is no K-1 This is a personal sale

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1 Reply
PatriciaV
Expert Alumni

Where do i put sale of real estate that is not my personal residence

Yes, the sale of property other than your personal residence is considered an Investment Sale. This activity is reported under Wages & Income >> Investment Income >> Stocks, Mutual Funds, Bonds, Other.

The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "investment sale", hit Enter, and click on "jump to investment sale" to go directly to beginning of this topic.

  1. Click Start/Update or "Add a Sale."
  2. Type of Investment: Choose the best category for your sale
  3. Enter a description, Net Proceeds (sales price less selling costs & commissions); date of sale.
  4. Acquired: whatever method fits
  5. Cost Basis: adjusted basis
  6. Date of Acquisition: purchase date

If this was used as a Rental Property, the sale would be reported under Wages & Income >> Rental Properties and Royalties. See "How Do I Enter The Sale of Rental Property?"

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