Vacation Home Sale

Forum|Forum|5 years ago
March 10, 2021
12 replies
74 views

Hi all! Where is everyone entering the sale of a second (vacation) home? If I input in the sale in the home sale worksheet, even checking all the boxes showing it doesn't meet the main home use test, it still shows up on 8949 as "main home sale". Do I directly enter in Sch D, or is there a box or two I missed checking on the home worksheet?

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A

ajp

Level 6

I put it directly on the schedule D, but maybe there is a better spot. I know that I haven't had success on the home sale worksheet.

O

Opfor77Author

Level 5

I'm wondering if the IRS cares if it's put on the home sale worksheet as long as no exclusion is taken.

G

grossie

Level 5

I had a couple of such sales so far. I treated the sale the same as a stock sale on the 1099-B worksheet that ties to Sch D. Made notes to support the sell and buy figures.

O

Opfor77Author

Level 5

So you just put the address on the SCH D description, and chose Box F for L/T?

A

ajp

Level 6

You don't have to choose a "box" if you know both the purchase and sale dates. I mentioned putting it directly on schedule D, but this is what I meant as well (1099-B form). For description, I enter "REAL: address" and give the purchase/sale dates, the cost/basis and sales price (using support boxes if needed)

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