Sale of second home - both rental and personal use

Forum|Forum|6 years ago
March 6, 2020
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I sold a second home that was rented part time and also used for personal use. I'm reporting the rental (investment) proceeds under business/less common business situations/sale of business property and allocating a percentage to the period of time the property was rented. TurboTax tells me to report the rest of the proceeds under "other investment or personal use property." Where can I find that section?

HelenC12

To report the second home portion, these are entered in the investment section of TurboTax. Follow these instructions:

Open or continue your return in TurboTax.
In the search box, search for sold second home and select the Jump to link in the search results.
Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2019? screen.
- If you land on the Here's the info we have for these investment sales screen, select Add More Sales.
Answer No to the 1099-B question.
On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale.
On the next screen, select Second Home (choose this also for inherited homes) or Land and answer the questions to finish entering your sale.