capital gains

I have a client that sold a vacation home is I show it on a Sch D what letter do I put

Or do I use a 4797

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Level 15

Schedule D - basis not reported to the IRS, sale not reported on 1099B

Slava Ukraini!

Level 4

THIS WAS A SECOND HOME THAT THEY DID NOT OCCUPY

Level 15

You don't need to yell at @IRonMaN his answer is still correct

Use the Schedule D, enter your buy and sell dates, enter your proceeds and cost, check the boxes for Not reported to IRS and Not on 1099-B

Level 15

If it was a rental in the year of the sale it goes on 4797.

If it was personal use, it goes on 8949/Schedule D.

If it was something else, you'll need to give more details about what the property was used for.

Level 4

It was house that was given to them and they went there sometimes on weekends

But when I put it on the 8949 and don't check the box basis was not reported and

a 1099b was not issued it doesn't charge them tax on profit what am I doing wrong

thanks

Level 15

If you have the correct dates and amounts loaded in the correct boxes, it should flow without any problems.

Slava Ukraini!

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