LindaS5247
Employee Tax Expert

Get your taxes done using TurboTax

It would be considered the sale of your home.

 

The sale of your home would be reported only if you had a taxable gain or received Form 1099-S

 

If you lived and owned your home for at least two years in the 5-year period on the date of sale, you don't have to report the sale on your tax return, if your gain is less than $250,000 if filing Single (and $500,000 for married filing jointly both spouses must live and own the home for 2 years).

 

I don't know all of your tax circumstances to recommend a product, but you can click here to compare TurboTax products or click here for help in contacting Turbo Tax Support. 

 

You can report the sale of a home using TurboTax Deluxe.  To enter a Form 1099-S you must use TurboTax Premier.

 

Click here for how to enter your form 1099-S.

 

Click here for how selling a home affects your taxes.


Click here for tax aspects of home ownership.

 

Click here for information on the taxability of income from sale of home.

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