You'll need to sign in or create an account to connect with an expert.
You lived in your home as a primary residence for at least 2 years in the last 5 years and you qualify for the capital gain exclusion of $500,000 (married filing jointly) or $250,000 (other filing statuses.
If your capital gain is less, you do not need to report the sale of your home in TurboTax if you do not receive form 1099-S.
If you receive form 1099-S, you have to report of the sale but still qualify for the exclusion of capital gain as explained above.
In TurboTax, you report the sale of your home in the Less Common Income section (see attached screenshot).
In the TurboTax interview, answer very carefully the questions, paying particular attention to dates.
You lived in your home as a primary residence for at least 2 years in the last 5 years and you qualify for the capital gain exclusion of $500,000 (married filing jointly) or $250,000 (other filing statuses.
If your capital gain is less, you do not need to report the sale of your home in TurboTax if you do not receive form 1099-S.
If you receive form 1099-S, you have to report of the sale but still qualify for the exclusion of capital gain as explained above.
In TurboTax, you report the sale of your home in the Less Common Income section (see attached screenshot).
In the TurboTax interview, answer very carefully the questions, paying particular attention to dates.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ja0000h
New Member
K_lead90
New Member
joellevine1952
Level 1
vipergts_david
New Member
AliChalo
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.