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Deductions & credits
Thank you for the quick response. I’m over 65 and did move out of SC on 8/1/21 and the house sale finalized on 8/17. The only income I have is a military retirement and social security. I am filing a federal return and SC 1040 non-resident since I only lived in SC part of the year. One the SC 1040 my taxable income is 26,000.
TurboTax pulls my income from the federal form to the SC form but doesn’t show any capital gains for the home sale on the SC forms but does on the federal form. The sale proceeds were excluded from capital gains tax on the federal form. My question is why didn’t TurboTax pull it through for the SC form? Does it not qualify as a capital gain in SC?
March 13, 2022
8:59 AM