Hello,
Last year I sold a house that I owned since 2013 and used as a primary residence for 5 years. While waiting for real estate market to recover in this area house was either empty or partially rented out. Unfortunately, after several years there was no recovery in sight and I decided to sell the property.
Purchase price in 2013 was $936k, this is what I entered in adjusted cost base. Sale price last year was $752k, I have entered $725k as proceeds of disposition, taking into account realtor and lawyer fees associated with the sale.
However, TurboTax Online shows Federal Capital Gain/Loss as $0. Can someone explain what I did wrong here?
This is the first year I'm using TurboTax online version and I have to say I'm so disappointed at the limited functionality this has.
Thank you
