Sale of 2nd Home

Forum|Forum|4 years ago
July 23, 2021
1 reply
11 views

Do you report the sale of a 2nd home/vacation home on the Home Sale Worksheet & just indicate "Not eligible for Exclusion"?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

No, that will automatically show up on the 8949 as Sale of Main Home, you don't want that if its not the main home.

Just use the 1099B worksheet, scroll down to the entry table and enter it there as Sale of Second Home.

Just-Lisa-Now-

Answer

Intuit Community Champion

No, that will automatically show up on the 8949 as Sale of Main Home, you don't want that if its not the main home.

Just use the 1099B worksheet, scroll down to the entry table and enter it there as Sale of Second Home.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxGuyBill

Level 15

@Just-Lisa-Now- wrote:

No, that will automatically show up on the 8949 as Sale of Main Home, you don't want that if its not the main home.

Really? If you indicate it doesn't qualify for the exclusion, I wouldn't think it would work fine. What does it show on the 8949 to indicate it was a main home?

Just-Lisa-Now-

Intuit Community Champion

when you use the Home Sale worksheet, it pulls the description to the 8949 like this, its not editable. Even if you mark NO to the questions about living in it 2 years and the 121 exclusion.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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