So my husband and I sold our principal residence at the end of 2023. He actually was the only owner of the property though, so I checked off the box noting this. He bought the property in 1987 but Turbotax is saying that he owned the property for less than 365 days so he has to report the income. Umm, no. Last time I mathed, 2023-1987 is 36 years, unless something has changed lol. Why am I getting this error??
Are you using TurboTax CD/Download or TurboTax Online?
Can you please go to EasyStep and verify that you didn't accidentally say yes to the question did you own it less than 365 days as shown below:
The first one should be "NO" also as you sold your principal resident and not a housing unit. The following page will ask if you sold your principal residence and make sure you only check off the box beside your husbands' name.
Thank you for choosing TurboTax.