Oregon state taxes

Forum|Forum|4 years ago
April 10, 2022
3 replies
33 views

I need to know how to figure out If I need to enter property sale gain or loss difference.

We sold a house and purchased a house last year.

LeonardS

Level 14

You will need to report the sale of your house, main residence, on your tax return. You do not have to report the purchase of your new home on your 2021 tax return,

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

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

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jzapatawilsonAuthor

Level 2

I want to make sure I enter the correct number. How do I figure the capital gain?

There were several expenses in selling the house. Commissions, repairs, inspections...Do I deduct all of that first?

Oregon state taxes

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