@patschied wrote:
My husband died last April. I sold our home in Idaho and moved to Juneau, Alaska. The price of the new home was more than what I was paid for the one in Idaho. Can I still file on turbotax? Can't get an accountant.
Since you sold the home within two years of your spouse's passing you were eligible for the $500,000 exclusion on the gain of the sale, assuming you both lived in the home for at least two years in the 5 year period from the date of the sale.
Yes, you can use TurboTax to complete and file your tax return.
When filing your 2022 tax return you should file as Married Filing Jointly since your spouse passed away in 2022. In TurboTax when entering your spouse's information you will need to check the box that they passed away and the date of passing.
For the home sale -
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).
If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported. You will need the online TurboTax Premier or Self-Employed edition to report the sale if you are using the online editions. Make sure that you indicate that you want the sale of the home reported on your tax return.
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Sale of Home (gain or loss), click the start or update button
