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

[jmweiss520]

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!

[DavidD66 · Accepted solution]

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

[jmweiss520]

Thank you so much for the help!!!