I sold my home in 2017 (purchased in 2016) and made significant improvements to the property. Where do I put this information, as I see nowhere to insert it?

km-designs-you — Thu, 06 Jun 2019 14:30:46 GMT

You would need to include the cost of your improvements i...

Phillip1 — Thu, 06 Jun 2019 14:30:48 GMT

You would need to include the cost of your improvements in the cost basis of the home.

To enter the sale of the home, you will need to upgrade to Premier. Follow these steps (I am assuming you will not qualify for a primary residence exclusion on the sale of this home).

Go to the Federal link in the left hand navigation of TurboTax.
Go to the Wages and Income section by clicking the Wages and Income link at the top of the screen.
In the list of income items, find the section labeled "Investment Income".
Click start or revisit on the item labeled "Stocks, Mutual Funds, Bonds, Other".
Answer yes, you have a sale to report.
You will need to update to Premier at this point.
You will answer no to the question regarding having a 1099-B statement.
On the screen labeled "Choose the type of investment you sold", choose the appropriate option for your situation. If the home was a residence that you lived in, you need to choose "Personal Items". Otherwise, choose the Second Home option or the Everything Else option.
On the screen labeled "Some Basic Info About This Sale" enter the address of the home in the description line, and fill out the other lines.
Answer the additional questions until you get to the screen labeled "Enter Purchase Information".
On this screen enter your cost basis (include the improvement costs) and the date of purchase.
Continue through the remaining screens.

topic I sold my home in 2017 (purchased in 2016) and made significant improvements to the property. Where do I put this information, as I see nowhere to insert it? in Deductions & credits

I sold my home in 2017 (purchased in 2016) and made significant improvements to the property. Where do I put this information, as I see nowhere to insert it?

You would need to include the cost of your improvements i...