turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Which product do I need if we sold more than 2 houses in 1 year?

Hi!  We sold 2 homes and 1 vacant property in 2023 and the Turbo Tax Deluxe only allows you to list 2 home sales.  I upgraded to Premier and have the same problem of only being able to record 2 sales.  I thought upgrading would fix this problem, but can someone please advise me?  THANK YOU!

Connect with an expert
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.

1 Best answer

Accepted Solutions
DavidD66
Employee Tax Expert

Which product do I need if we sold more than 2 houses in 1 year?

You should be able to report two home sales and a vacant lot sale in Premier.  You report the land sale in the same section in which you report stock and other investment sales.  To Enter in TurboTax: 

 

  • Type "Investment sales" in the search window and click Enter
  • Click on "Jump to Investment sales"
  • On the page with "Did you have investment sales in 2023?"  Answer Yes
  • Answer No to "Did you have crypto income or losses in 2023?
  • Skip the import sections and click on Enter another way
  • On the screen with OK, let's start with one investment type, click on "Other"
  • Answer No to "Did you get a 1099-B..."
  • Enter the name of the person or entity that brokered the sale (you can leave this blank)
  • On the "Now enter one sale for [description]" Indicate "Land..." (you will have to choose between "investment" and "personal use")' then give a description like "vacant lot".
  • The interview will walk you through entering the details of the sale

For a second home, you would repeat the steps above, only you would choose "Second Home" instead of Land.  For your primary residence:

 

  • Enter "Sale of home" in search
  • Click on "Jump to sale of home"
  • Review whether or not you have to report the sale
  • If you do need to report the sale, click on Yes, and the program will guide you through the sale of your primary residence
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DavidD66
Employee Tax Expert

Which product do I need if we sold more than 2 houses in 1 year?

You should be able to report two home sales and a vacant lot sale in Premier.  You report the land sale in the same section in which you report stock and other investment sales.  To Enter in TurboTax: 

 

  • Type "Investment sales" in the search window and click Enter
  • Click on "Jump to Investment sales"
  • On the page with "Did you have investment sales in 2023?"  Answer Yes
  • Answer No to "Did you have crypto income or losses in 2023?
  • Skip the import sections and click on Enter another way
  • On the screen with OK, let's start with one investment type, click on "Other"
  • Answer No to "Did you get a 1099-B..."
  • Enter the name of the person or entity that brokered the sale (you can leave this blank)
  • On the "Now enter one sale for [description]" Indicate "Land..." (you will have to choose between "investment" and "personal use")' then give a description like "vacant lot".
  • The interview will walk you through entering the details of the sale

For a second home, you would repeat the steps above, only you would choose "Second Home" instead of Land.  For your primary residence:

 

  • Enter "Sale of home" in search
  • Click on "Jump to sale of home"
  • Review whether or not you have to report the sale
  • If you do need to report the sale, click on Yes, and the program will guide you through the sale of your primary residence
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Which product do I need if we sold more than 2 houses in 1 year?

Thank you so much for the help!!! 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies