The sale of property (real estate) is actually separate from potential moving deductions. The costs of the sale (brokerage commissions, fees, taxes, etc.) and the cost of any home improvements are factored in to the capital gains (profit you make) from the sale of the house - they are not a part of moving expenses.
If you sold your primary personal primary residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in and owned the home for two years). If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.
To calculate the gain, you add the amount you paid for the home, plus any improvement costs - this is your basis. To determine your "gain", take the sales price of the home and subtract all of the realtor fees and other transaction fees to complete the sale, then subtract the basis. What you have left over is your gain, and is subject to the exclusion amounts listed above (if it is excluded, there is no tax on the profit - i.e. the "gain").
You will need the online TurboTax Premier or Home and Business edition to report the sale.
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