sold former residence in 2025.

Forum|Forum|6 months ago
March 23, 2026
1 reply
102 views

We sold our former home in 2025 but lived in new residence since 2024. The old one sat empty and for sale during that time. How do I record that information?

TurboTax Online

pk_

Level 15

@debert , if what you are trying to do is get the Home sale gain excluded ( up to $250,000 per filer ), then you only have to report the sale of the home in the year it sold ( in your case 2025). TurboTax will ask you if this was your main home, how long did you use it as your main home and when did you acquire it. TurboTax will do the rest. I am assuming that you have a 1099-S .

To be able to exclude the gain, you have to meet the following conditions :

(a) At least one of the filers have to have owned the prop. for two years;

(b) Bothe filers must have used the prop. as main home for a total of 763 days with a look back period of 5 years from the date of closing of the sale.

Does this help ? Is there more I can do for you ?