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erdls
Returning Member

Selling a Home

How do I get Turbotax to let me enter the information for the sale of a home?

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1 Reply
SwapnaM
Employee Tax Expert

Selling a Home

If you sold your primary personal home, you could enter it in TurboTax:

 

  • Click on Federal Taxes 
  • Click on Wages and Income 
  • Click on I'll choose what I work on
  • Scroll down to Less Common Income
  • On Sale of Home (gain or loss), click the start or update button.

 

 

If the home was a non-rental investment home (second home), you would treat the sale as an investment sale, which is reported on Schedule D. 

  • In the Wages & Income section, go to the Investment Income category and select "Stocks, Mutual Funds, Bonds, Other".
  • When asked if you received a Form 1099-B, answer No.
  • Enter the details of the sale, including the property's address, the date it was acquired, the date it was sold, the total sales price, and your cost basis. 

 

If it the sale of a rental home, you have to enter it under the rental section by following instruction in the link.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/real-property/sold-rental-property-repor... 

 

 

@erdls Thanks for the question.

 

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