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steven9a
New Member

We live in Florida and sold a non primary home in Minnesota that gas not been rented. Which Turbo tax system do I need to complete the Minnesota non-resident home sale?

I need to file Minnesota non resident tax form for a home sale. What Turbo Tax system do I need?
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Accepted Solutions
JohnB5677
Expert Alumni

We live in Florida and sold a non primary home in Minnesota that gas not been rented. Which Turbo tax system do I need to complete the Minnesota non-resident home sale?

You will include a Minnesota tax return.

  • it will only have the home listed in it.
  • You will prepare the posting of the sale in the federal section of the return.
  • Then go through the Minnesota return to include it.

In TurboTax Online, you can enter the sale of land by following these steps:

 

  1. Open your tax return
  2. Click on Federal in the left-hand column,
  3. Then on Wages & Income
  4. choose Investments and Savings and click on the down arrow on the right
  5. Click on Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
  6. Did you sell any investments?
    1. yes
  7. Did you receive a form 1099-B or brokerage statement? 
    1. No
  8. Select Other (other investment purpose) from the list of investments.
  9. Follow the TurboTax interview to enter your information.
    1. If you incur sale expenses, you can subtract them from the proceeds.
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3 Replies
JohnB5677
Expert Alumni

We live in Florida and sold a non primary home in Minnesota that gas not been rented. Which Turbo tax system do I need to complete the Minnesota non-resident home sale?

You will include a Minnesota tax return.

  • it will only have the home listed in it.
  • You will prepare the posting of the sale in the federal section of the return.
  • Then go through the Minnesota return to include it.

In TurboTax Online, you can enter the sale of land by following these steps:

 

  1. Open your tax return
  2. Click on Federal in the left-hand column,
  3. Then on Wages & Income
  4. choose Investments and Savings and click on the down arrow on the right
  5. Click on Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
  6. Did you sell any investments?
    1. yes
  7. Did you receive a form 1099-B or brokerage statement? 
    1. No
  8. Select Other (other investment purpose) from the list of investments.
  9. Follow the TurboTax interview to enter your information.
    1. If you incur sale expenses, you can subtract them from the proceeds.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
steven9a
New Member

We live in Florida and sold a non primary home in Minnesota that gas not been rented. Which Turbo tax system do I need to complete the Minnesota non-resident home sale?

Thank you!  This worked as you advised.  I do have another question that I cant find in TT.  I owe money to a state and TT asked if I wanted that amount due paid out of my Federal refund. TT even shosw my refund amount less the state due.  Refund is scheduled (IRS estimate) April 16.  How do they pay the state by April 15??

LeticiaF1
Employee Tax Expert

We live in Florida and sold a non primary home in Minnesota that gas not been rented. Which Turbo tax system do I need to complete the Minnesota non-resident home sale?

Taking your state balance out of your federal refund isn't an option in TurboTax.  It's likely that you set up your state payment to come out of your bank account not your federal refund.  To see or set up your payment date and payment information if you haven't filed your return:

 

  1. Open your return
  2. Go to the  Finish & File section
  3. In Step 2 you will be able to choose your payment date and method

When will my tax payment go through?

Can I pay my state taxes from my federal refund?

@steven9a

 

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