KCash77
Level 3
05-07-2021
11:11 PM
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Open the Form 1099-B Worksheet. On the Quick Entry Table, enter the Property Address, Date Sold, Date Acquired, Sale Price & Cost Basis. Double-click on the Description or anywhere in the field .That will bring you to the Capital Gain (Loss) Adjustments Worksheet. In Part I, enter the Sale Price & the Cost Basis. Scroll to Part III and check box for "This is a vacation home or other personal use property with no business or rental activity." What I can't find is where to put the Closing Costs/Selling Expenses. I tried using Manual Adjustments in Part II, using Code E, and putting in Closing Costs as a negative number, but that results in a Gain on the Form 8949 & Schedule D. Does anyone know where to put the Closing Costs?