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New Member
posted Feb 15, 2022 8:35:34 PM

Can I enter a prior home sale in 2021? I am trying to do someone's taxes with that situation. They used someone else in prior years. I'm recreating prior-year activity.

The home was a second home on inherited property. The transaction was a private sale without an agent.

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3 Replies
Level 15
Feb 15, 2022 8:48:14 PM

You can’t report a sale on your 2021 return that did not occur in 2021. 

Level 15
Feb 15, 2022 10:10:46 PM

I hope you're not getting compensated. your license agreement with Turbotax does not permit the app to be used by people who use it to prepare returns for compensation.  in addition, you would be violating Federal laws unless you registered with IRS

 

New Member
Feb 16, 2022 11:24:36 AM

Mike9241, thank you. To be on the level, I'm assisting my elderly father-in-law free of charge. He had used someone who charged him in the past, but the cost equaled or was greater than his anticipated refund. I'm just trying to make what I do present a consistent record between prior years and current. After my query, I was able to find the solution and move forward with his taxes. Thank you for the input.