KrisD15
Expert Alumni

Deductions & credits

If you are using TurboTax, enter the sale proceeds, the cost/basis/value and the selling costs. 

 

If this was your personal residence, enter under

Wages & Income

Less Common Income

Sale of Home (gain or loss)

 

The gain or loss is reported on Schedule D unless the homeowner's exclusion to capital gain applies and the gain is not reported. 

 

If this was a rental, enter in the rental section, if a second home, enter under "Investments, Other sale" 

 

@mjckhc 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"