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

posted

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

For my Maryland Return. My husband works in MD however resides in PA. I am trying to figure out what numbers to put in for the non-maryland income allocation section.

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

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

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

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert