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Get your taxes done using TurboTax
So, going with option @AmeliesUncle suggested, it seems to be working and it did ask if this was the Main home and doing the 500k deduction. However, I am hitting another issue.
On the pages where it asks - the asset cost and land cost & asset sale price and land sale - what needs to be entered?
I assumed it wants to separate out the building and land - cost/basis, sale and expenses. If I separated everything and entered it. For some reason, TT doesn't subtract the building cost/basis from building sale price - thus showing me a bigger gain than I have.
If I ignore Land values and enter everything combined under asset. It calculates gain correctly but seems to mess up and increase the depreciation for the current year.
‎September 30, 2025
7:21 PM