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aweho2019
New Member

If I sold and bought a home and have 3 1098’s how do I know my information is complete? It still says it is missing information

 
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2 Replies
Anonymous
Not applicable

If I sold and bought a home and have 3 1098’s how do I know my information is complete? It still says it is missing information

what information?   the message can be due to incorrect entries for the 1098's.      we can't see your return, so we have no way of knowing whether or not your return is complete.  upgrading to TT Live, you can have your return reviewed.  However, they would have no way of knowing if certain things were omitted.  

KathrynG3
Expert Alumni

If I sold and bought a home and have 3 1098’s how do I know my information is complete? It still says it is missing information

For your information to be complete:

1. Enter the details for your purchased home:

  • From your settlement statement,you may have a portion of the property taxes 
  • You will have a "new" Form 1098 for the mortgage interest expenses

2. Report the sale of your home. The article below has all the steps for TurboTax. 

  • If you lived in the sold home for two out of the last five years and never rented the property or used a home office deduction (not the simplified method), then the homeowner has a $250,000 gain exemption. If there is a spouse and the home is jointly held, then each have the $250,000 exemption for a total of $500,000.

For more details: Sold a house and bought a house.

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