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New Member
posted Aug 28, 2021 10:26:36 AM

Re sale of home with no capital gains , will not accept that I own 100% ?

turbo tax from will not accept that I owned 100% of my home , no capital gains involved

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Level 5
Oct 15, 2021 7:18:01 AM

Here is the link to “how do I report the sale of my home principal residence”.

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%.

 

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