Ktj2424
New Member

Deductions & credits

I bought and sold a home in 2020. I lived in the home I sold for under 2 years, and most of the profit from my sold home went to a down payment on my new home.

 

The amount I “pocketed” was less than 20k.

 

Does the above still apply to me or do I need to wait to see if I receive a 1099-S?