You will need the Turbo. Tax Premier or Home and Business online edition to report the sale. Make sure that you indicate that you want the sale of the home reported on your tax return.
Which turbotax should I use if I sold a home?
You will need the online Turbo. Tax Premier or Self-Employed edition to report the sale if you are using the online editions. Make sure that you indicate that you want the sale of the home reported on your tax return. Or enter sale of home in the Search box located in the upper right of the program screen.
One of the next things we wanted the answer to was; can I use TurboTax Deluxe If I just bought a house?
(All data will automatically transfer to your new upgraded version) If you do not have to report the sale of your home (because you are claiming the home gain exclusion), you will be able to use Turbo. Tax Deluxe to report any Schedule A deductions related to your home purchase.
In all the questions and answers below, you can always use a more expensive version of Turbo, and tax. We list the cheapest version you’ll need. For example, if you sold stock, you’ll need Turbo. Tax Premier or better, which only includes Turbo. Tax Home & Business. So, which Turbo. Tax do you need? What can all versions do? Do you only have Form-1099s?
Where do I enter the sale of my home in TurboTax?
Where to enter the sale of your home (if required ) in Turbo. Tax: While inside the software and working on your return, type sale of home in the Search at the top of the screen (you may see a magnifying glass there). There will be a popup that says Jump to sale of home. Select that to get to the general area.
Another thing we wanted the answer to was how do I report the sale of a home on TurboTax?
Any of the tax year 2015 desktop CD/Download editions can be used to report the sale. You will need the Turbo. Tax Premier or Home and Business online edition to report the sale. Make sure that you indicate that you want the sale of the home reported on your tax return.
What version of TurboTax do I need to report a rental property?
Rental Properties are reported on Form 4797. Use Premier Edition for any of these sales . May 31, 2019 10:05 PM I sold a house this year . What version of Turbotax do I need? What type of house was it?
Do I have to report a home sale on my taxes?
If the home was sold while you were single, you may qualify for a home sale exclusion if you lived in it 2 of the last 5 years. If your home sale must be reported, then you can report your share of the sales price and expenses.