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April 3, 2024
Question

Is a BUG in the program that it does not have a separate question page of "Did you sell your house". I have desktop Premier software. How do I get to that question?

  • April 3, 2024
  • 2 replies
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Is there a source worksheet that I can access directly?

2 replies

Kat11_2
Employee
April 3, 2024

Did you receive a form 1099-S reflecting the sale of your home?  I'm assuming this is your primary home.  See the information I'm linking below to find the portion of the TurboTax interview that asks about the sale of your home.

 

Where do I enter Form 1099-S? 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Employee
April 3, 2024

Do you need to enter that you sold a house?

 

Go to Federal>Wages & Income>Less Common Income>Sale of Home

SALE OF HOUSE

 

If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)

If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).

  • If you are using online TT, you need Premium software to report the 1099-S

 

 

NOTE:   If you have ever used the home as rental property or claimed a home office, you have more information to enter

 

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**