TurboTax will complete form T2091 and the portion of Schedule 3 needed to support the sale of your principal residence for you.
Note: If your home was your principal residence for all the years that you owned it, you don't need to report any capital gains and so nothing is entered in section 7 of your Schedule 3. Section 7 of the schedule 3 is only completed if your home wasn't your principal residence for all the years you owned it.
I know this is an older answer
but trying to wrap my brain around this
Do you only check the box at line 17900 on Schedule 3 & not fill in any other information?
What amount to you put on form T2091 under proceeds of disposition??
Thanks for any help
Lynda
yelkaob
New Member
emrielle99
New Member
peterbrucewest
New Member
jd712
New Member
keith-amo
Returning Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.