Re:FTC sues Intuit for its deceptive TurboTax “free” filing ...
by toast0 on Wednesday March 30, 2022 @12:36PM
(#30857528)
I'm not a tax person, but probably all they need is an amended tax return (1040X) with the sale reported. Grab the instructions for schedule D for the tax year you sold your home, and follow the section for "Sale of Your Home". It says you're only required to report the sale if the gains exceeded the exclusion amount or you received a 1099-S; but I'm guessing the IRS must have received a 1099-S even if you didn't. You might be able to get a copy of that through the IRS Tax Transcript service?
They probably don't need a copy of the Statute, but eh. :)
Re:FTC sues Intuit for its deceptive TurboTax “free” filing ...
by swozey on Monday April 04, 2022 @03:43PM
(#30911138)
Just as an update, apparently it takes 1-3 months for docs to the IRS to make it to where they're supposed to go. I just got off the phone w/them (took 1hr:45mins to get a person) and found out I only owe $20 after faxing them my house sale docs in November!
What a weight off my back..
I did these taxes in the height of the pandemic in March after being laid off and living out of airbnbs for 3 months so it very well may have just been missed unfortunately. I'm not even sure what they need or who to talk to, I'm just going to mail them everything I have including the Statute stating I don't need to pay capital gains on a primary residence house sale under $500k.