No. The only concern is the home that was sold, making sure you meet the requirements (which you did) of living in the home for two of the five years immediately preceding the sale. This allows the tax free treatment of the gain up to the limit shown by @HelenC12.
The deductions for the new home are mortgage interest and real estate taxes. Be sure to include the prorata share on the date of the sale from the settlement statement as well as any property tax paid after purchase. Do not include money placed in escrow, only amounts actually disbursed from that account, if applicable.
Yes, you may use TurboTax Premier to report the sale of your residence.
If the home was your personal residence and you have a gain on the sale, some or all of the gain may not be taxed. If your filing status is Single, Head of Household or Married Filing Separately, you won't pay taxes on the first $250,000 that you make from the sale of your home. If you're filing status is Married Filing Jointly, you won't pay taxes on the first $500,000.
That income is free and clear as long as:
When you sell a second home, the tax situation is different.
TurboTax will show you if your home sale is taxable.
Is there anything about selling and buying a home within 45 day period?
No. The only concern is the home that was sold, making sure you meet the requirements (which you did) of living in the home for two of the five years immediately preceding the sale. This allows the tax free treatment of the gain up to the limit shown by @HelenC12.
The deductions for the new home are mortgage interest and real estate taxes. Be sure to include the prorata share on the date of the sale from the settlement statement as well as any property tax paid after purchase. Do not include money placed in escrow, only amounts actually disbursed from that account, if applicable.