KrisD15
Expert Alumni

Get your taxes done using TurboTax

It is curious that Box 2 does not report 615,000 if that was the selling price. Is Box 4 checked? 

Box 2 should report the selling price. 

Form 1099-S

 

Did you do any 1031 exchange? (trading one property for another)

Did the Title company subtract an outstanding loan? 

 

What did you pay for the house and what is your filing status? 

If you meet the requirements for Section 121 Exclusion, you needn't enter the 1099-s. 

250,000 or 500,000 Joint. 

Requirements to exclude capital gains 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"