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posted Feb 24, 2021 11:41:35 AM

Should I claim somewhere that a house I owned was sold? Parents bought in 2017, I was 3% owner, I lived in house but never legally changed address. Sold in 2020.

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Moderator
Feb 27, 2021 3:29:31 PM

Yes. You’ll need to report the sale of your share of the house.

 

If it was your Principal Residence, this FAQ tells you how to report the sale in TurboTax: https://turbotax.community.intuit.ca/community/tax-topics/help/how-do-i-report-the-sale-of-my-home-principal-residence/00/873724

 

If it wasn’t your Principal Residence, you’d report the sale as a capital gain or loss. This FAQ tells you how to report capital gains or losses in TurboTax Online: https://turbotax.community.intuit.ca/community/investments/help/where-do-i-report-capital-gains-or-losses-in-the-online-edition-of-turbotax/00/873778