I have a short term capital gain on a second home. I need to ensure I have form 8949, schedule c and schedule d for this transaction. How do I enter this please?
I have a short term capital gain on a second home. I need to ensure I have form 8949, schedule c and schedule d for this transaction. How do I enter this please?
I have TurboTax 2022 Premier. I sold a second home. When I click on no 1099B, the system does not display a place to select Second Home, as you said it would. If I enter all my data, the system does not generate form 8949. Please advise.
To enter this sale of a second home in TurboTax Online or Desktop, please follow these steps:
Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
Next click on “I’ll choose what I work on” (jump to full list)
Scroll down the screen until to come to the section “Investment Income”
Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ (or “update” is you have already worked on this section)
The first screen will ask if you sold any investments during the current tax year (This includes any sale of real property held as an investment property so answer “yes” to this question)
Since you did not receive a 1099-B, answer “no” to the 1099-B question
Choose type of investment you sold - select Second Home