To enter the sale of a personal residence in TurboTax:Type home sale in Search in the upper rightSelect Jump to home saleEnter your information

Question

I sold my home in 2020, where do I add this information?

Forum|Forum|5 years ago
May 22, 2021
1 reply
0 views

No text available

TurboTax Deluxe Online

S

SundayInSalem

To enter the sale of a personal residence in TurboTax:

Type home sale in Search in the upper right
Select Jump to home sale
Enter your information

Hal_Al

Employee

The capital gain on the sale of your primary home is not taxable (up to $250K, $500K married). To be eligible you must have lived in and owned the home for at least 2 out of the 5 year prior to sale. You do not even need to report it on your tax return, unless you got a tax document, usually a 1099-S. The 1099-S may have been included in your closing documents, instead of arriving in the mail, in Jan. or Feb. of the following year.

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)

- Wages & Income

Scroll down to:

-Less Common Income

- Sale of Home