Which form to use to list capital improvements on a second home which sold?

Forum|Forum|5 years ago
May 17, 2021
5 replies
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I'm told there is a form associate to Sch D to list the capital improvements made to a second home over a number of years. The house sold in 2020 and this would support the step up in basis

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

Add the improvements to the basis, use Sch D to report the sale.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

S

StaxerAuthor

Level 2

Thanks for your reply Lisa and, yes I did that. But is there a specific form/worksheet to list the improvements/renovations? Is it even a requirement? I think not, but just want to be sure.

J

jeffmcpa2010

Level 10

You could open a "Preparer Notes" page (F6 PN will get you there) it transmits with the return. You can create a schedule there if it makes you more comfortable and show your basis computation.