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JE04390
New Member

Do I have to file a Schedule D if I don't owe taxes on the sale of my home? Turbo Tax Deluxe is acting as if I have to upgrade to file a Schedule D.

 
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2 Replies

Do I have to file a Schedule D if I don't owe taxes on the sale of my home? Turbo Tax Deluxe is acting as if I have to upgrade to file a Schedule D.

it's not whether you have a profit or not. It's whether you got a 1099-S on the sale. over $250K single or $500K if married, you'll need to file Schedule D so the IRS can see there is no taxable profit. 

JE04390
New Member

Do I have to file a Schedule D if I don't owe taxes on the sale of my home? Turbo Tax Deluxe is acting as if I have to upgrade to file a Schedule D.

Thank you. So - are you saying that I don’t have to file a Schedule D if my gain were not above that amount? 

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