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smsteeple
New Member

Do my husband and/or I have to report anything pertaining to a sale of house and purchase of another?

 
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Leonard
Intuit Alumni

Do my husband and/or I have to report anything pertaining to a sale of house and purchase of another?

You will report the sale of your home in TurboTaxPremier to determine if you have any capital gain on the sale of your home.  To enter your sale information in TurboTax Premier enter sale of home in the find box then click on Jump to sale of home in the Top Questions box. Follow the program prompts to enter your sale information.

You do not have to report the purchase of another home on your tax returns.  You should keep your HUD-1 Form on the purchase of your new as it has information on it that you will need in the future when you sell the home.

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