Coleen3
Intuit Alumni

Deductions & credits

What type of house was it ? Personal Primary? Investment/Second? Rental?

Personal primary only need to be reported if you did not qualify for the exclusion or had gains over and above the exclusion. If you sold your 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 than 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 do need to report it or if it was an investment property (second home), report on Schedule D Capital Gains and Losses. Rental Properties are reported on Form 4797. Use Premier Edition for any of these sales.

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