MarilynG
Expert Alumni

Deductions & credits

Since you have lived in your primary residence for two of the last five years, you should be eligible for the Home Sale Exclusion of up to 250K for a Single person.

 

if this applies, you don't need to enter info about your Home Sale in TurboTax, unless you received a 1099-S.

 

If so, here's How to Enter a 1099-S.

 

If your Capital Gain on the sale is over 250K and you have verified that your mom is also on the deed (and you received a 1099-S for the full amount of sale proceeds), you can report your share and 'Nominee' your mom's share to her. 

 

 

 

 

@glezis91

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