MinhT1
Expert Alumni

Deductions & credits

You have to answer all the above questions so that the amount of accelerated repayment can be calculated. You must enter the sale price, selling expenses and adjusted cost basis of your home.

 

In fact the amount of repayment is limited to the amount of gain (if any) from the sale. As you did not enter the sale price or cost basis of your home, TurboTax calculated the gain as 0 and concluded that no repayment is required.

 

Please read this IRS document for more information.

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