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March 20, 2020
Question

I sold a home I owned for 40 years with my husband (he died in 2006) in 2019, is TurboTax Premier the right package for this?

  • March 20, 2020
  • 1 reply
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1 reply

VictoriaD75
March 20, 2020

Yes. You will need to report any gain on Schedule D, which comes with Premier.

 

TurboTax Forms Available by Product

 

A seller who has owned and used a home as a principal residence for at least 2 of the last 5 years before the sale can exclude from income up to $250,000 of gain. TurboTax will help you determine your exclusion.

 

To enter, follow these steps:

  • Under the Federal menu, choose Wages & Income
  • Expand the menu for Less Common Income
  • Click Start/Revisit next to Sale of Home (gain or loss)
  • Enter the information on the screens that follow
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