DavidD66
Employee Tax Expert

Deductions & credits

To summarize, if you received a Form 1099-S, you need to file a tax return and report the sale.  If the house did not serve as your primary residence for 24 of the 60 months prior to the sale, you need to file a tax return.  If the house was your primary residence for 24 of the 60 months prior to the sale, and your gain was less than $250,000 if filing single, or $500,000 filing joint, you don't have to file.

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