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.

Do I really have to upgrade to tax premier because I sold my home?

 
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
KenH1
New Member

Do I really have to upgrade to tax premier because I sold my home?

Only if you're actually required to report it.  If you owned it and lived in it for at least 2 of the last 5 years, and the gain was less than $250,000 ($500,000 on joint returns), then you do not need to report the sale at all.

View solution in original post

1 Reply
KenH1
New Member

Do I really have to upgrade to tax premier because I sold my home?

Only if you're actually required to report it.  If you owned it and lived in it for at least 2 of the last 5 years, and the gain was less than $250,000 ($500,000 on joint returns), then you do not need to report the sale at all.

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