Turbo tax saying I owe taxes on the home I sold when I made less than 250000. I can't find a place to enter in my payoff amt that shows I didn't get the whole sale price

[Carl]

The payoff amount of any existing loan on the property prior to the sale, is not deductible. Never has been.

[Anonymous_]

I can't find a place to enter in my payoff amt.....

You do not enter your payoff amount. You enter your adjusted basis, which is likely to be what you paid for your house plus the cost of any improvements you made.

[VolvoGirl]

Sorry.  Your profit is the sales price minus your cost.  What you got out from the sale (like your proceeds) doesn't matter.  Your mortgage payoff doesn't matter.  

For a primary home, if you owned and lived in your house for 2 out of the last 5 years when you sell you can exclude the gain up to $250,000 for single or 500,000 for married from tax.  You can not take a loss on your tax return.