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April 2, 2020
Question

I sold a home. Turbo tax asks the name of the person or financial institution that brokered this sale. I put in the realty we used and it keeps saying needs review. Why?

  • April 2, 2020
  • 1 reply
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1 reply

April 2, 2020

If you sold your personal residence, you don't need to report it in TurboTax unless you received a 1099-S or don't qualify for the Home Sale Exclusion.

 

It sounds like you are entering a 1031 Exchange.

 

If this is the case, click this link for info on How to Enter a 1031 Exchange.