Sale of Home

[doubleeagle1531]

I sold my home in GA and am trying to report it via the GA state tax return. However, I was never prompted to enter any information regarding the sale, other than in the Federal Return. Additionally, my PA (resident) return is asking for all the information regarding the sale. How do I enter the information for my GA tax return?

[SundayInSalem]

Any taxable income from the sale of your home will appear as a capital gain. If you are a Pennsylvania resident filing a non-resident GA return, you will have to split your capital gain between Georgia and Other State (Pennsylvania).

In the Georgia section of TurboTax continue to Georgia Income and Adjustments. You will see boxes for Capital Gains/Losses. If the only capital gain you had was the home sale, leave the GA amount as is. Otherwise, put the other capital gains, such as stock sales, in the Other State box.

Pennsylvania residents are taxed on income earned everywhere, so profit from the sale of a GA home is taxable to PA. You can claim a credit on your PA return for tax paid to GA.

[KrisD15]

A few questions to clarify please:

Did you realize a gain from the sale of the house?

If yes, did you report that as income attributed to Georgia when you started the GA return in TurboTax? 

Did you start the Georgia return BEFORE your resident state of Philadelphia return?