Carpediem
Full time employment: Posting here.
- Joined
- Aug 26, 2016
- Messages
- 770
We sold our rental condo in 2023 and bought a second home in another state with the proceeds. We are not renting out the second home. We only use it when we visit our family. (Of course, we're paying a large capital gain tax on the sale of the condo since we're now out of the rental business.)
Does the purchase of this second non-rental home get reported on our tax return? If so, what form is used?
I use TurboTax but I haven't been able to find any information or guidance on this topic.
Does the purchase of this second non-rental home get reported on our tax return? If so, what form is used?
I use TurboTax but I haven't been able to find any information or guidance on this topic.