Hello,
You will need to report the sale of the home on your tax return using the 1099-s that should have been sent to you.
If you owned and lived in the home for a total of two of the five years before the sale, then up to $250,000 of profit is tax free ($500,000 if you married filing joint).
If your profits exceed the above limit, then the excess is reported as capital gains on schedule D.
If you have a loss, it is not deductible on the return.
Here is a link with more details
https://turbotax.intuit.com/tax-tips/home-ownership/tax-aspects-of-home-ownership-selling-a-home/L6t...
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