I sold my home and need to enter the information on my return. How do I do this?

When you sell your main home, profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. 

You will report in the less common Income section, Sale of home.

1. Open or continue your return.
2. Navigate to the sale of home section:
   • TurboTax Online/Mobile: Go to sale of home.
   • TurboTax Desktop: Search for sale of home, and select the Jump to link.
3. Answer Yes to Did you sell or have your home foreclosed in 2024?
4. Select Continue on the next screen.
5. Enter the address of the home you sold on the next screen, and select Continue.
6. On the next screen, answer Yes to Did you receive a Form 1099-S that reported this sale? and enter the info from your 1099-S.
7. Follow the onscreen instructions.

Deductible sale expenses:

- commissions
- appraisal fees
- broker's fees
- legal fees
- advertising fees
- home inspection reports
- title insurance
- transfer taxes or fees
- geological surveys
- loan charges (points) or other fees paid on the buyer's behalf
- any fees for a service that helped you sell your home without a broker (listing fees, promotional fliers, etc.) 

You can add the cost of capital improvements to your cost basis in the house to reduce your capital gain. Losses from the sale of main home is not deductible.

If you already filed your return, you need to amend it to make any changes. 

• You must first wait until the initial return is completely processed.
• You will have to use the same TurboTax account that you used for the original tax return.
• Once you begin your amendment, you'll see your original return.
• The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
• Only make changes to the areas of your return that need to be corrected.
• You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

Select your product below and follow the instructions. 

Amend TurboTax Online 

Amend TurboTax CD/Download 

For more information check: Qualifying for the exclusion