Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
Josephleeski
April 1, 2025
Question

sold my home in APRIL 2024 , lived in it for 24 years . it was paid for , got another home . the home was vacant while i worked on it during covid. did not rent it, It was vacant for about 6 years, while i worked on it. how do i handle this home . ca

  • April 1, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    V
    Vanessa A
    April 1, 2025

    If you sold your first home, then you would report the sale as Home Sale in TurboTax.  Since you lived in it for 24 years, you would be eligible for the home sale exclusion.  

    The home you purchased is not reported on your return.  It will not be reported until you sell it.  Since you did a lot of work to it, you should keep all the receipts for when you do sell it to show your cost basis. 

     

    To enter the Sale of a Home select the following:

    1. Federal
    2. Income
    3. Sale of Home under Less Common Income
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification