Solved: Where is sale of second home received as a gift? What version of Sch D?

grossie · ‎12-07-2019

abctax55 · ‎12-07-2019

There's only one version of Sch D.....and that info flows from F 8949. And highly likely NOT on f 1099-B or reported to the IRS.

Bonus tip...basis for you client is the same as the basis for the personal who gave the house away. No step-up.

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abctax55 · ‎12-07-2019

There's only one version of Sch D.....and that info flows from F 8949. And highly likely NOT on f 1099-B or reported to the IRS.

Bonus tip...basis for you client is the same as the basis for the personal who gave the house away. No step-up.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

grossie · ‎12-07-2019

abctax55, My questions was poorly worded, sorry. I was looking for either using the Detailed Entry Worksheet or the Transaction Worksheet to record the detail. Thank you.

Where is sale of second home received as a gift? What version of Sch D?

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