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