You need to know your percentage, the basis and the sales price to report the sale in TurboTax - the 1099-S should have everything you need. As long as you owned and lived in the home for two of the five years before the sale, up to $250,000 of profit is tax-free.
Where do I enter Form 1099-S?
How does selling a home affect my taxes?
I sold my home. What can I deduct?
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