cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Do I need to put in a 1099 from the sale of a home? Is there a one time capital gain deduction for this?

 
1 Reply
Level 3

Do I need to put in a 1099 from the sale of a home? Is there a one time capital gain deduction for this?

Yes, you should enter the information into your return.  Then, depending on the circumstances (such as whether it was your main home and you meet certain qualifications), it may not be a taxable event.

See the TurboTax articles below for more guidance.

https://ttlc.intuit.com/replies/3302480

https://ttlc.intuit.com/replies/3300213

https://ttlc.intuit.com/replies/4241480