I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home information, where do I enter purchase of home info?

yasanthaperera23 — Fri, 07 Feb 2020 17:53:47 GMT

Re: I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home information, where do I enter purchase of home info?

xmasbaby0 — Fri, 07 Feb 2020 18:11:54 GMT

You do not enter the purchase of a home. If you had any mortgage interest, property tax, loan origination fees or private mortgage insurance you paid in 2019, that is what you enter.

SALE OF HOUSE

If your gain was more than $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return. Whether you re-invested the gain in to another house is irrelevant. If you have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)

If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).

If you are using online TT, you need Premier or Self-Employed software to report the 1099-S
.https://ttlc.intuit.com/questions/1901135-i-sold-my-home-at-a-loss-is-this-deductible

Re: I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home ...

RobertG — Fri, 07 Feb 2020 18:17:18 GMT

You don't need to report the purchase of a home on your return.

You can deduct home mortgage interest, private mortgage insurance, loan origination fees (“points”) that you paid in 2019 and property tax on the new home if you itemize.

topic I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home information, where do I enter purchase of home info? in Deductions & credits

I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home information, where do I enter purchase of home info?

Re: I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home information, where do I enter purchase of home info?

Re: I bought and sold a home in 2019 (sold in April, bought in December), I entered sale of home ...