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dzrhj0
New Member

I bought a house in 2015 and moved, and sold the first house in 2016, how do I report this.

 
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PatriciaV
Employee Tax Expert

I bought a house in 2015 and moved, and sold the first house in 2016, how do I report this.

Even though you purchased a new home, you will report this as the Sale of Your Home. Unless you lived in the house for two out of the last five years, the proceeds may be taxable income.

We recommend that you enter the information and let TurboTax decide how the sale should be reported on your tax return.

The sale of your home is entered under Wages & Income >> Less Common Income. To find this section in TurboTax, open your return, then go to My Account >> Tools >> Topic Search. Type in "sale of home", then click the topic in the list and GO to go directly to the start of this section. Follow the prompts to complete your entries.

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