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Get your taxes done using TurboTax
Report the sale in the Investment Income section, the same as if you sold a stock or mutual fund.
Note that if you sold at a loss, you cannot deduct that loss since the home was used for personal purposes. As a result, you will have to check a box on a subsequent screen if you sold at a loss.
Also note that if you used the home as a rental at any time during your period of ownership, you should report the sale in the Sale of Home section.
‎February 15, 2021
11:55 AM