We bought a new home in 2018, but did not sell the original house. Where do I enter this information on the 1040?

dottiemsw · ‎June 1, 2019

Vanessa · ‎June 1, 2019

The purchase of a home is not something that gives you a tax break other than mortgage interest or property taxes if you are claiming the standard deduction. This is entered by clicking Federal>>Deductions and Credits>Show more next to your home>>Start next to 1098-T

Not selling your other home is not reportable, but you can enter your 1098-T from that home as well.

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Vanessa · ‎June 1, 2019

The purchase of a home is not something that gives you a tax break other than mortgage interest or property taxes if you are claiming the standard deduction. This is entered by clicking Federal>>Deductions and Credits>Show more next to your home>>Start next to 1098-T

Not selling your other home is not reportable, but you can enter your 1098-T from that home as well.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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We bought a new home in 2018, but did not sell the original house. Where do I enter this information on the 1040?