Sale of 2nd Home

Forum|Forum|3 years ago
March 20, 2023
2 replies
20 views

I'm trying to enter the sale of a second home on the Sch B Worksheet in ProSeries Basic, but there is no code for "sale of second home". Any suggestions?

ProSeries Basic

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R

rcooley25

Level 7

Your on the wrong schedule. Schedule b is for interest and dividend income.

R

richw1Author

Level 3

Yes....sorry...that was a typo...I was on the Sch D worksheet...lol

Just-Lisa-Now-

Intuit Community Champion

Sch D/8949 is where it belongs, similar to a stock sale.

You wouldn't choose a category, except maybe Code L for personal sale, no loss allowed.

Basic is set up really different than Professional, Im not sure how to direct you to the proper place in Basic, sorry.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Camp1040

Level 10

I use basic, go schedule D 1099-B worksheet, use that even if your client received a 1099-S, no special form needed for 2nd home, but loss not deductible.

Just-Lisa-Now-

Intuit Community Champion

Ahh, ok, when I typed D in the Where Do I Enter in Basic, it threw me down into Part 1 of Sch D, not at the top with the 1099B worksheet options.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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