topic Turbo tax isn't importing my prior years' information on my installment sale of real estate in Deductions & credits

Turbo tax isn't importing my prior years' information on my installment sale of real estate

mmuniak — Mon, 13 Apr 2020 22:18:48 GMT

Re: Turbo tax isn't importing my prior years' information on my installment sale of real estate

GiseleD — Tue, 14 Apr 2020 20:27:15 GMT

Are you using the same TurboTax account as last year?

Re: Turbo tax isn't importing my prior years' information on my installment sale of real estate

mmuniak — Tue, 14 Apr 2020 20:57:06 GMT

Yes, I'm using the same account. But I think I figured out the problem - it's not Turbo Tax's fault. I looked up my returns from 2017-18 (and maybe a little earlier) to see if I could get the number from those, and it wasn't on those forms either. Evidently, in recent years you only had to put your cost basis down for the first year in which you were reporting the installment sale. The rules must have changed ,to require the cost basis to be listed in subsquent years a well. I think the first year I reported this sale must have been before I started using TurboTax, so it wouldn't be "in the system."

Maybe you'll find this helpful if someone else has the same issue. Thanks for responding.

Re: Turbo tax isn't importing my prior years' information on my installment sale of real estate

GiseleD — Tue, 14 Apr 2020 21:21:28 GMT

Thank you for sharing that information--we will take note!

@mmuniak