How can I report a gain on sale of vacation home

Forum|Forum|5 years ago
March 1, 2021
6 replies
32 views

I have a client who sold a time share fo $16.5K. Basis on this property is approximately $15K. He did not receive a 1099 documenting the sale. I cannot figure out how to enter this transactions in Pro Series Basic, can anyone guide me? thanks

ProSeries Basic

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IRonMaN

Level 15

Schedule D - it’s not all that bad if you take a couple of minutes to play with it.

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

Use Sch D, click the 1099B worksheet, scroll down past the brokerage info and you'll find an entry screen that you can input it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

PATAX

Level 12

Lisa or Ironman, speaking of 1099-b worksheet when I was entering a multiple stock sale for the same exact security, I had to keep typing in the name each time it was sold, in the past it pre-populated itself and I didn't have to keep typing it in. Is this some type of software glitch or is there something I should or should not do? I know that I can summarize, but I would rather put the individual sales detail in because I think the state wants to see this.... thanks a lot I appreciate it

Just-Lisa-Now-

Intuit Community Champion

I noticed that as well, I think they just didnt program it into it yet or something.
Although I had a bunch of misspelled ones and ones I would have liked to get rid of in prior years, maybe someday they'll give us the option to be able to customize those auto fill entries.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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