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Deductions & credits
Yes we can help you to post the sale of your home.
If you do have to post the sale of a home in TurboTax:
Go into your tax return, click on the “Federal Taxes” tab
- Select “Wages & Income”
- Click on the option “I’ll choose what I work on”
- Scroll down the screen until to come to the section “Less Common Income”
- Choose “Sale of Home (gain or loss)” and select “start’
If you receive a 1099-S reporting document Form 1099-S, Proceeds From Real Estate Transactions, you must report the sale of the home even if the gain from the sale is excludable.
Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income.
Tax Aspects of Home Ownership: Selling a Home
As an alternative to the Jump To feature, Please try this:
Log into TurboTax
- On the main menu on the left side of your screen
- Select Tax Tolls,
- And then Tolls
- A pop up will appear
- Choose the box Topic Search
- Type a form number or form name
- It will bring you to that area.
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February 11, 2024
9:28 AM