@peetee33 asked "So I can enter it into my taxes when I do them for 2020 and should be ok?"
Answer: Yes. Even though you are not required to report a home sale if you meet the exclusion, the fact that you got a 1099-S means the IRS will be looking for it on your return.
The TurboTax interview easily and smoothly puts the sale on form 8949 & Schedule D and excludes the gain.
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
Scroll down to:
-Less Common Income
- Sale of Home
