@Pen4 wrote:
Which version do I use if I sold a house and bought another in 2022?
It depends which TurboTax program you want to use, online or desktop.
If you use the TurboTax online web-based editions you will need the Premier or Self-Employed online edition.
If you use the TurboTax desktop CD/Download editions installed on a personal computer, any of the editions can be used.
TurboTax online - https://turbotax.intuit.com/personal-taxes/online/
TurboTax desktop CD/Download - https://turbotax.intuit.com/personal-taxes/cd-download/
Note - The purchase of a personal residence, not used as a rental or in a business, is not reported on a tax return.
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).
If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.
