topic Re: Schedule 3 Warning - Property Flipping in Troubleshooting

Schedule 3 Warning - Property Flipping

2Bludogs — Sun, 08 Mar 2026 18:39:31 GMT

I am using Turbotax Desktop program for taxes. When I go to netfile it says I have a Schedule 3 warning regarding Property flipping and needing more info about the property I sold. I did not sell any property? I didn't check off that I had sold any property? It shows up on both of the tax returns I am trying to send.

I just ignored the warning and filed. Was this incorrect?

Thanks!

Re: Schedule 3 Warning - Property Flipping

TurboTax_Susan — Mon, 09 Mar 2026 00:31:52 GMT

Warnings are just there to have you double check things. If the warning doesn't apply to you, or you are sure you have the right information entered, then it's ok to ignore them.

Re: Schedule 3 Warning - Property Flipping

jrjinyyc — Wed, 22 Apr 2026 03:33:54 GMT

I had the same warning in TT Standard. After the warning and before connecting to netfile this warning popped up. I chose "applies to me" and it took me to the question about selling a property owned for less than a year. The Yes/No choices were both blank, and it was a question I hadn't seen in the interview because I said I hadn't sold any property. It seems like a bug to me. If I haven't sold a property, then I haven't flipped a home either.

Re: Schedule 3 Warning - Property Flipping

TurboTaxAniqua — Wed, 22 Apr 2026 14:13:11 GMT

@jrjinyyc As my colleague mentioned, warnings are there to remind you to double-check things. If the warning does not apply to you or you are certain you have entered the correct information, you can ignore it.