When answering the question: How long were you living at your principal residence?
For the question: (your name’s) principal residence for: select “all the years owned”.
For the question: % owned by (your name): enter 100%.
For the question: % owned by anyone other than (your name): enter 0%.
If the house that you sold was not your principal residence for some of the years owned, it will still trigger capital gains even if you owned it 100%.
If you own 100% of the property, you can probably leave the "owned by anyone else" blank and just put 100% for the "owned by me" section.
For more information, please see:
If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.
Thank you for choosing TurboTax.
pga18holegolfer
New Member
deepa-ps31-gmail
New Member
superbiddable
New Member
Greg105
Returning Member
HikingBasher70
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.