That depends on if you sold your main home or a second home. Instructions for both follow. Note: If you qualify to exclude the gain on the sale of your main home, you don't need to report the sale on your tax return unless you received a Form 1099-S.
To enter the sale of your main home:
- Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
- Click My Account (top right of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the search bar, type sale of home.
- In the results box, highlight sale of home, then click GO.
- Follow the onscreen instructions to complete the sale of main home interview.
To report the sale of a second home (such as a vacation home or an inherited home);
- Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
- Click My Account (top right of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the search bar, type land sale.
- In the results box, highlight land sale, then click GO.
- You'll land on Did you sell any investments in 2016? Click Yes. (Note: If you land on Here's the investment sales info we have so far, you'll need to click +Add More Sales.)
- Next you'll see Did you get a 1099-B or a brokerage statement for these sales? Click No.
- On the next screen, select Second Home and click Continue.
- Follow the onscreen instructions to complete the sale of second home interview.
Note: If using the TurboTax
CD/Download software, you'll use the Find function (instead of "My
Account") to search for the topic.
Please see the FAQ below for more information.
Is the money I made from a home sale taxable?
https://ttlc.intuit.com/replies/3300213
