ColeenD3
Expert Alumni

Deductions & credits

@PRIDDYONE

 

You would include a sale that occurred in 2017 on your 2017 return. You can amend.

 

Where you enter it depends on the type of property sold. Was it your primary residence? A second home?

 

You do not enter the purchase of a property, unless it is a rental property and you collect full rental value for rent. Then amount would be used to determine depreciation.

 

If it is a second home, you can deduct mortgage interest and property taxes up the the prescribed limits.