MarilynG1
Expert Alumni

Deductions & credits

If you are using TurboTax Desktop and enter as @ToddL suggests, you will see the entry on the Capital Asset Sales Worksheet, Form 8949, and Schedule D.  There will be no Gain or Loss reported. 

 

Click on FORMS in the upper right to see the list of forms in your return.

 

Click this link for more info on Forms Mode

 

Since you did not actually sell your home, but received a payout from your ex-spouse, you should not have received a 1099-S and may not want to use that interview.

 

If you choose to report the 1099-S as a Sale of Main Home, you may qualify for Home Sale Exclusion anyway. 

 

You may want to consult a tax attorney for your particular situation. 

 

 

 

 

 

 

 

 

 

 

 

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