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Level 3
March 3, 2021
Question

Sale of investment home

  • March 3, 2021
  • 3 replies
  • 16 views

Client purchased a home in 2018 for daughter to use while in college.  Education has completed and client sold the home in 2020.  The only form associated with a 1099-S takes me to the Main Home Worksheet which isn't correct.  

With the new layout of the Schedule D where do I enter this transaction, as the new layout is based off a 1099-B.

Any advise would be greatly appreciated.

 

Thanks

 

GC

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3 replies

IRonMaN
Level 15
March 3, 2021

Just scroll down.

Slava Ukraini!
Level 2
March 19, 2022

Scroll down to what? I'm having the same issue this year. Schedule D looks correct, along with Form 8949. Only problem seems to label property as Main Home Sale. How can that description be changed?

dkh
Level 15
March 19, 2022

Schedule D >  Form 1099B worksheet >  scroll down to Quick Entry Table   enter your sale information there