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teambabes
New Member

Sold home in Dec 2020, new owners did not take possession until March 2021 - how should we input this info and what forms are needed?

 
1 Reply
linhph178
Level 3

Sold home in Dec 2020, new owners did not take possession until March 2021 - how should we input this info and what forms are needed?

Please see this TurboTax FAQ for information on how to report the sale of your home: How do I report the sale of my home (principal residence)?

 

If the proof of disposition states March 2021, the transaction has to be reported in 2021 and applied in the tax year 2021.

 

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