We sold our home of 40 years for $1.4, which was amazing, however, originally we purchased for $145,000; we file jointly so I know that we have $500k exclusion. We did receive a form 1099-S so I know I have to report the sale but we also purchased another home cash for $850k. I don't see anywhere in Turbo Tax where I can report the gains being used to buy another home. As it stands right now, we owe IRS $109k.
