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We did not file tax returns for 2015 and 2017 because we had no income. We sold our house and moved to a different state last March. How do we file now?

 
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We did not file tax returns for 2015 and 2017 because we had no income. We sold our house and moved to a different state last March. How do we file now?

Each year is filed independently of the previous year (other than certain carryovers).  If your home sale was taxable you would just start in TurboTax Deluxe and walk through the questions. To specifically go to the home sale section do the following:

  1. Click Federal
  2. Income & Expenses
  3. Click Show More next to Less common Income
  4. Click Start next to Sale of Home (gain or loss)

If this was the sale of your primary home and the following apply, it may not be a taxable event and you may not need to file. 

  1. You owned the home the 2 of the last 5 years
  2. You lived in the home for 24 months out of the last 5 years
  3. You didn't sell another home in the 2 year period before the date of the sale
  4. the gross proceeds were less than $250,000 (Single) or $500,000 (Married Filing Joint Return)

See link for additional information. https://www.irs.gov/publications/p523

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We did not file tax returns for 2015 and 2017 because we had no income. We sold our house and moved to a different state last March. How do we file now?

Each year is filed independently of the previous year (other than certain carryovers).  If your home sale was taxable you would just start in TurboTax Deluxe and walk through the questions. To specifically go to the home sale section do the following:

  1. Click Federal
  2. Income & Expenses
  3. Click Show More next to Less common Income
  4. Click Start next to Sale of Home (gain or loss)

If this was the sale of your primary home and the following apply, it may not be a taxable event and you may not need to file. 

  1. You owned the home the 2 of the last 5 years
  2. You lived in the home for 24 months out of the last 5 years
  3. You didn't sell another home in the 2 year period before the date of the sale
  4. the gross proceeds were less than $250,000 (Single) or $500,000 (Married Filing Joint Return)

See link for additional information. https://www.irs.gov/publications/p523

**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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