How should I report a sale of principle residence in a previous year?

[justin_chow]

The house was put under my name some time ago and I just sold it in 2020. Accountant didn't report it and I don't know what to do now

[Mohit0102]

You'll need to file an adjustment for the previous year. For reporting the sale of principle residence in TurboTax Online, please follow the steps below. 

1. Select Find and enter principal
2. Select Principal Residences from the search results, then select Go
3. On the Sale of your Principal Residence step, select the Sale of principal residence checkbox, then Continue
4. Enter information related to the sale in the appropriate fields, then select Continue
5. On the Disposition to a spouse or partner step, answer the question(s), then select Continue
6. On the Designation of a property as a Principal Residence step, fill out the fields, then select Continue
7. On the Sale of Principal Residence Summary step, select Continue

For more information, please review the links below from TurboTax Canada. 

How do I report the sale of my home (principal residence)?

I've filed my tax return. Can I still make changes?

Thank you for choosing TurboTax.