turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have finished my federal return but I didn't see anywhere to report that we bought an apt. in a retirement community after we sold our condo?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I have finished my federal return but I didn't see anywhere to report that we bought an apt. in a retirement community after we sold our condo?

There is nothing to report about the purchase of your new apartment other than mortgage interest (if applicable) and the property taxes paid.

The tax conditions of purchasing a new home after a sale have been eliminated.

We only have the Home Sale Exclusion capital gains of $250,000 for single filers or $500,000 for married filers.

For more information, follow this link: Home Sale Exclusion

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question