If the home you sold was your principal residence for the entire time you owned it, reporting the sale is rather simple. Just check the box beside the option “I designate the property described below to have been my principal residence for all years owned.” and enter the details. You’ll need to enter:
- The complete address of the residence
- The year you acquired the property
If the home you sold was only your principal residence for part of the time you owned it, you sold multiple properties in one year, or the property had a change in use, check the corresponding box on the Schedule 3.
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