LindaS5247
Expert Alumni

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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