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Renald
New Member

Which version of Turbutax should I use if I sold my principal residence in 2017?

It may be relevant to know that we bought our principal residence in 1978 and that for some years (while overseas in the foreign service) we rented it out and took depreciation off our rental income. Also that we own another property that has always been rented. And finally that my wife is an independent travel consultant with an "office at home" and income reflected in a 1099-MISC.

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CathiM
New Member

Which version of Turbutax should I use if I sold my principal residence in 2017?

If you are using the TurboTax CD/Download versions, you can use Deluxe version or higher, however, when you use the step by step method of entering your tax information, the self employed version might be easier because the home office deduction can be complicated.  If you are familiar with the Forms option in the upper right corner, which gives a list of the forms on the left bar, you can use the Deluxe or Premier.

If you are using the TurboTax Online versions, you will have to use the Self-Employed version to use the office at home deduction.

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1 Reply
CathiM
New Member

Which version of Turbutax should I use if I sold my principal residence in 2017?

If you are using the TurboTax CD/Download versions, you can use Deluxe version or higher, however, when you use the step by step method of entering your tax information, the self employed version might be easier because the home office deduction can be complicated.  If you are familiar with the Forms option in the upper right corner, which gives a list of the forms on the left bar, you can use the Deluxe or Premier.

If you are using the TurboTax Online versions, you will have to use the Self-Employed version to use the office at home deduction.

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