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Which version of Turbo Tax?

Last year my brother and I sold a home we inherited.  Apart from that my tax situation is very simple.  I normally use Deluxe.  Will that be sufficient to report the sale of the home?

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Accepted Solutions
rjs
Level 15
Level 15

Which version of Turbo Tax?

You didn't say whether you use TurboTax Online or the CD/Download TurboTax software. If you use TurboTax Online you would need Premier to be able to report the sale of the home. If you use the CD/Download TurboTax software you can use any edition.


You didn't give any details about the home that you sold or the timing. If you owned and lived in the home for at least two years before you sold it, there is a possibility that you might not have to report the sale.

 

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2 Replies
rjs
Level 15
Level 15

Which version of Turbo Tax?

You didn't say whether you use TurboTax Online or the CD/Download TurboTax software. If you use TurboTax Online you would need Premier to be able to report the sale of the home. If you use the CD/Download TurboTax software you can use any edition.


You didn't give any details about the home that you sold or the timing. If you owned and lived in the home for at least two years before you sold it, there is a possibility that you might not have to report the sale.

 

Which version of Turbo Tax?

Thanks for the response.  I use the CD/Download software.  Neither of us lived in the home so we have to report the sale.  I appreciate the quick response.

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