Deductions & credits

That depends on if you sold your main home or a second home. Instructions for both follow. Note: If you qualify to exclude the gain on the sale of your main home, you don't need to report the sale on your tax return unless you received a Form 1099-S.

To enter the sale of your main home:

• Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
• Click My Account (top right of your screen).
• Select Tools.
• In the pop-up window, select Topic Search.
• In the search bar, type sale of home.
• In the results box, highlight sale of home, then click GO.
• Follow the onscreen instructions to complete the sale of main home interview.

To report the sale of a second home (such as a vacation home or an inherited home);

• Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
• Click My Account (top right of your screen).
  
• Select Tools.
  
• In the pop-up window, select Topic Search.
  
• In the search bar, type land sale.
  
• In the results box, highlight land sale, then click GO.
  
• You'll land on Did you sell any investments in 2016? Click Yes. (Note: If you land on Here's the investment sales info we have so far, you'll need to click +Add More Sales.)
• Next you'll see Did you get a 1099-B or a brokerage statement for these sales? Click No.
• On the next screen, select Second Home and click Continue.
• Follow the onscreen instructions to complete the sale of second home interview. 

Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.

Please see the FAQ below for more information.