mobymatt
New Member

Sale and purchase of home in 2022

I sold and purchased a primary residence in 2022.  I did receive a1099 S and have recorded that info in my turbo tax return.  I do not think the gain is taxable based on what I have read, but I can not find anywhere in turbo tax to offset the gain showed on 1099 S.  My current return is showing me owing 54,000 federal tax, where as it was at $2,000 refund before adding 1099S.  Please tell me what section to enter the offset purchase of the new home. TIA