Question

Sale of primary residence

Forum|Forum|3 years ago
May 29, 2023
1 reply
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I sold my home after 18 months so I did not meet the 2 year rule for exclusion of capital gains. As a result the title company sent me a 1099S. I meet the requirement's for an exception because my job transferred me making my commute more then 50 miles further. My question is how do I enter this in Turbo Tax ??

TurboTax Home & Biz Windows

DoninGA

Employee

You will be asked in the sale of home section if you have any type of exception since you did not live in or own the home for at least two years in the five year period on the date of sale.

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Sale of Home (gain or loss), click the start or update button

Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home