Sale of Home

[RLymanC]

Client owns a second home that client never lived in nor rented out. Clients daughter lives in house rent free. Client receives 1099-S (1098-S?) from title company reporting the sale.

Property is sold at a loss? How and where to report sale? SchD with no loss???
I assume no loss allowed as it is not commercial property.

[Bird Legs]

Sale of 2nd home

Maybe incorrect, however, would say report on Sch. D with the basis the same as
the sales price. Zero gain or loss.