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June 1, 2019
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Should I report 2018 home sale as rental or 2nd home if rented only 6 months in 3 years as a business. I did not rent and officially closed business in 2017?

  • June 1, 2019
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Best answer by Leonard11_2

If you stopped renting your second home in 2017 and used it for personal use since then you will report the sale as a sale of your second home.  In TurboTax enter sale of second home in the find/search box then select Jump to sale of second home in the Top Questions Box.  Follow the prompts to enter your sale information.

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Employee
June 1, 2019

If you stopped renting your second home in 2017 and used it for personal use since then you will report the sale as a sale of your second home.  In TurboTax enter sale of second home in the find/search box then select Jump to sale of second home in the Top Questions Box.  Follow the prompts to enter your sale information.