Greetings @ajreina1979 and Congratulations on your new home!
Awesome information was provided above. The great news is that TurboTax walks you through reporting the sale of your home. Please note that if you received a Form 1099-S for the sale either with a gain or loss, you must report the sale. You can use TurboTax Premier Online or Desktop to do so.
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Less Common Income
- On Sale of Home (gain or loss), click the start or update button
Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home
Again @ajreina1979 Congratulations!
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