You should have received a 1099-S which reports your sale. Even if you do not receive the form, the steps will be the same. You can enter this by selecting the following:
- Income
- Show more next to Less Common Income
- Start next to Sale of home
As you walk through the questions you will be asked a few questions to see if you qualify for the Home Sale Exclusion. Your gains, up to $250,000, may be excluded from income if you lived there for 2 out of the last 5 years.
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