turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about One Big Beautiful Bill (OBBBA) on Jan 14! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kkurosky
New Member

Where on retturn do I show house sale figures?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Where on retturn do I show house sale figures?

Did you sell a home?  If so, was it your primary residence, second home or a rental property?

GeorgeM777
Expert Alumni

Where on retturn do I show house sale figures?

The information relating to the sale of a home is entered in the Less Common Income section of TurboTax.  If using TurboTax online, from the Your income and expenses screen, scroll down to Less Common Income.  Click on the drop-down arrow to reveal the options if necessary.  Then click Start across from Sale of Home.  Enter your information.

 

If using TurboTax CD/download, the process is similar except you begin by selecting the Wages & Income tab.  Then scroll down to Less Common Income.  

 

If you sold your main home in 2022, TurboTax will determine if you need to report the sale on your return.  Generally, profits of up to $250,000 ($500,000 on a joint return) do not need to be reported to the IRS.

 

Note: You cannot deduct a loss from the sale of your main home.
 

@kkurosky

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question