Received a 1099 S for the sale of a second home. Is this reported on the Home Sales Worksheet? Where is the 1099 S reported? Also where is the state withholding reported?
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Just enter it on schedule D. Keep in mind that if it was sold at a loss, the loss isn’t deductible.
I "think" if you use the Homesale worksheet and answer the questions it will limit the personal loss automatically, if you use Sch D you have to limit it manually.
(and while Im thinking about Sch D, it lets me put a sale date that isnt 2019 in that sale date box without an error....I kind of appreciated the babysitting when it squawked at us for that slip up!...end rant :))
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