House Sale Reporting Question

[stmbwilli]

I am trying to determine if I need to report the sale of a home on my 2021 taxes.  I owned the home since 2006 and the sale was final in November 2021.  I continuously occupied the home as my primary residence since 2016.  I have not sold any other real-estate in the past five years so I meet the Ownership, Use, and Timing criteria for excluding reporting the sale on my return.  However, the home was used as a rental property from 2010 to 2016.  Does this fact, then, mean I still have to report the sale of the home on my return?  Thanks.

[LeonardS]

Yes, you have to report the sale as your main home on your tax return.

To report the sale of your home in TurboTax follow these steps:

1. Log into your TurboTax account.
2. Select the Wages & Income tab.
3. Scroll down to less common income select Show more.
4. On the line sale of home (gain or loss) select Start/Revisit
5. On the next screen Sale of Your Main Home select yes.
6. Follow the prompts to enter your sale information.