We sold our primary house and bought another one. how do i report that on turbo tax

raman_benipal — Tue, 10 Mar 2026 06:25:59 GMT

Re: We sold our primary house and bought another one. how do i report that on turbo tax

Mike9241 — Mon, 17 Oct 2022 04:34:19 GMT

You paid extra for Live.

https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/01/27282

Re: We sold our primary house and bought another one. how do i report that on turbo tax

xmasbaby0 — Mon, 17 Oct 2022 13:28:06 GMT

What you did with the proceeds of selling your house is irrelevant. The last time you could avoid capital gains tax by purchasing another home with the profits from selling your house was in 1997.

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

topic We sold our primary house and bought another one. how do i report that on turbo tax in Deductions & credits

We sold our primary house and bought another one. how do i report that on turbo tax

Re: We sold our primary house and bought another one. how do i report that on turbo tax

Re: We sold our primary house and bought another one. how do i report that on turbo tax