Sold a home last year it says I do not need to pay taxes, I hit continue and get to another screen that says because you owe taxes you need to upgrade?

Forum|Forum|4 years ago
February 2, 2022
1 reply
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My gains are $56k, we'll under the $250k needed to pay taxes.

TurboTax Deluxe Online

Best answer by DoninGA

Nonetheless, sang it has been this way for years and would probably not make a difference is not a reason to not correct the error. I hope TurboTax Intuit does not work this way as a general rule!

@Narodenj wrote:

Nonetheless, sang it has been this way for years and would probably not make a difference is not a reason to not correct the error. I hope TurboTax Intuit does not work this way as a general rule!

The wording has been changed for upgrading and the user indicated they received a Form 1099-S for the home sale -

Bsch4477

Employee

The only reason you would have to report the sale is if you received form 1099-S.

lilmerv-jmAuthor

Yes, I received a 1099-S, entered it in, answered all the question and it was said "You do not have to pay taxes on the sale of your home" and then I hit continue then it said "Because you owe taxes on your home sale you need to upgrade"

AmeliesUncle

Because you received the 1099-S, it needs to be reported on your tax return (although it is rather odd why you did receive a 1099-S, unless you filled out the closing paperwork incorrectly).

Because it needs to be reported on the tax return, it requires additional forms that the lower cost versions may not have. So that is why it it saying you need to upgrade.