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As long as you meet the requirements of use and timeframe you will not pay any tax on the sale of your home. Review the article and then double check your entries on the sale of your home to be sure you have answered all the questions correctly.
TurboTax will show you if your home sale is taxable.
Once you complete the sale you should see the following screen.
Thank you for the reply. I did get that message, but once I finish out this section, it tells me I need to upgrade my TurboTax (to include Schedule D) because I owe taxes on the sale of my home. I don't owe taxes though as the gains are excluded. I just don't want to upgrade if I don't have to, especially since I don't owe taxes on it.
The sale of your home is not taxable but does require schedule D in order to report the fact that it isn't taxable to the IRS.
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