You'll need to sign in or create an account to connect with an expert.
Unless you received a Form 1099-S for the sale of your primary personal residence, you do not report the 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 and 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 and owned the home for two years).
Remove all the sale data for the home from the program if this is your situation.
Enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home
If you did receive a Form 1099-S then you must report the sale, either with a gain or a loss. Review all of your entries in the home sale section and carefully review your answers to the questions asked. Make sure that you indicate that you want the sale of the home reported on your tax return. (See Screenshot)
Unless you received a Form 1099-S for the sale of your primary personal residence, you do not report the 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 and 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 and owned the home for two years).
Remove all the sale data for the home from the program if this is your situation.
Enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home
If you did receive a Form 1099-S then you must report the sale, either with a gain or a loss. Review all of your entries in the home sale section and carefully review your answers to the questions asked. Make sure that you indicate that you want the sale of the home reported on your tax return. (See Screenshot)
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
betsyvega74
New Member
jestas34
New Member
emilymeganmarsha
New Member
aE
Level 3
rsmith160
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.