Get your taxes done using TurboTax

If you only sold a home without taking depreciation for a home office, etc. then you do not need to complete the form 4562. You enter the sale of your residence just like you did a stock transaction and use the code in specific column to indicate that it is sale of home. This cancels out the loss on Schedule D. (same column as wash sale, etc.). You must have the same info as for stock transaction such as gross sales, basis, etc.