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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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February 2, 2023
7:56 PM