Question

How to delete a home sale?

Forum|Forum|4 years ago
February 27, 2022
1 reply
0 views

I mistakenly clicked into the "home sale" portion. How do I exit or delete this so I don’t have to enter the address, buy date and price and sale date and price? I keep getting asked for this info.

TurboTax Premier Online

E

ErnieS0

To delete a home sale:

Type "home sale" in Search in the top right
Tap "Jump to home sale"
Continue on Sold A Home
Tap Delete on Home Sales Summary

The IRS allows you to exclude up to $250,000 of gain ($500,000 if married filing jointly) from the sale of your main home if you owned and lived there for two out of the last five years leading up to the date of sale (date of the closing). For a married couple filing jointly, only one spouse has to meet the ownership requirement.

If you don’t qualify, you may qualify for a partial exclusion if you sold your home due to a work or health-related move or an unforeseen event.

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