Incredible How Do I Report The Sale Of My Vacation Home 2022. May 31, 2019 · how do i report the sale of a second/vacation home? And that, in turn, increases your capital gain.
Sale of inherited or vacation property: Use schedule d (form 1040), capital gains and losses and form 8949, sales and other. For example, if you purchased the vacation home for $600,000 and then sell it for $1 million, you’ll be taxed on the $400,000 profit earned from the sale.