I did not flip a house. How do I go back and correct this?

Forum|Forum|1 year ago
March 23, 2025
3 replies
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TurboTax is telling me I need to upgrade because I am reporting a sale of a flipped property. Except I'm not and it won't let me change anything.

vancouverwahine

I don't know, but I hope you get an answer because I am having the same problem.

TurboTaxAniqua

@krys0886 If you are already in an upgraded version, you won't be able to downgrade in TurboTax. We advise beginning a fresh return with no imports.

vancouverwahine

@TurboTaxAniqua
I am not using an upgraded version, but I keep getting these messages that I can't get rid of. How do I skip this step? I sold a house but did not flip it.

TurboImpotVeronique

@vancouverwahine Can you please verify these information

From 2024 tax return (left menu), click Tax Profile // Your tax profile

3rd page - What about these home- or property-related credits? - did you select I sold my home

Under Income // click Principal residence // on Sale of your Principal Residence
page, make sur you answer all questions

In page Designation of a property as a Principal Residence, make sure you answered properly both questions

Click Income // Residential property flipping // at question For any property (or right to acquire a property) you sold, did you own it for less than 365 days before selling it? - answer NO if you owned it more than 365 days // continue

It will stay under your Income section, but it will stay empty, because you did not flip you only sold your Principal Residence. Both are related because for flipping, it needs to be your principal residence.

Thank you for choosing TurboTax.

hadjul22

I hope you got your answer. I had the exact same thing happen. I called TurboTax and after finding someone that knew what to do I was able to correct it. They emailed me a code to put in the upgrade and opened it. With their help, the error was corrected and I was able to file it at no extra cost. DON’T upgrade without a code from a helper on TurboTax.