We sold our home in 2022. Filling out the form it is showing we had a taxable capital gain of 114,885. I thought gains were not taxable unless over 500,000 for married?

[DoninGA]

Go back through the sale of home section and review all of your answers.

The gain is not taxable.

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.

[amybrms]

it says I don’t owe taxes but yet it wants me to upgrade because I have “you owe taxes on the sale of your home” . Do I have to have the upgraded version no matter what?

[BillM223]

"Filling out the form it is showing we had a taxable capital gain of 114,885." and "it says I don’t owe taxes "

OK, which is it? You have a taxable capital gain or you don't owe any taxes?

And is it possible that you both haven't lived in the house for at least two of the previous 5 years?

Is it possible that you did not live in the house for the last 5 years because of military orders?

[SteamTrain]

as noted by @DoninGA , I'm pretty sure that the sale of a home when using the "Online" software, requires the use of the Premier software.  (though I admit, I could be wrong)

So you may be getting mixed signals as to why the upgrade is required from Deluxe......