Hello there,
You have indicated that you are "moving for the first time" Was the home that you are selling your primary home? If it was your primary home and you meet all the conditions, then may qualify to exclude part of the gain (up to $250,000 or $500,000 depending on whether you are single or married filing a joint return)
Here are the conditions/rules for excluding the capital gain on your primary residence:
https://www.irs.gov/taxtopics/tc701
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-do-i-enter-sale-of-a-home/...
If you co-owned the home with a family member, each needs to calculate their share of the gain, and then consider whether the exclusion of the gain on the sale of the primary residence are applicable to each person.
If the gain cannot be excluded, each of you have to report the gain separately on your tax returns, unless you are a married couple filing a joint return.
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