Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
jimadavis
New Member

I sold a house short sale. Because I was underwater at the time (overall debts and assets), that won't count as income. Can TT help with this? If so, what version?

 
1 Reply
Critter
Level 15

I sold a house short sale. Because I was underwater at the time (overall debts and assets), that won't count as income. Can TT help with this? If so, what version?

Yes the program can handle form 982 for insolvency but you will need to use Deluxe or better if you use the Online version or any of the Downloaded versions. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v