Hello winteronjupiter,
Thank you for your question.
So you will be claiming your father on your TY 23 return and he sold his house?
First review this article to make sure your father qualifies as your dependent. Steps to Claiming and Elderly Parent as a Dependent
Assuming he does qualify as your dependent, your father will need to file a TY 2023 tax return and not claim himself. He will enter his income and the sale of the house on the tax return. He will get the standard deduction for filing as Single. Assuming that he meets the criteria for the sale of the home, there should not be any tax on the sale of the house.
Here is an article that explains the sale of home exclusion. Tax Aspects of Home Ownership: Selling a Home
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
