It depends on a few things:
- Did you make a profit on the sale? You will need to calculated a profit including original cost plus improvements plus selling cost. The total of these amounts will be deducted from the sale price of the home.
- You have been in your home for many years, if there is a profit you will be able to exclude up to $500,000 if married or $250,000 if single. If there is a profit left after the exemption you may have a tax liability depending on your other income, deductions, etc.
The following provides more information on this:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/homeowner-tax-credits-deductions/selling...
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