Yes, you must report the sale of the home if you can't exclude all of your capital gain from income even if you didn't receive Form1099-S.
If you don't meet the Eligibility Test, you may still qualify for a partial exclusion of gain. You can meet the requirements for a partial exclusion if the main reason for your home sale was a change in workplace location, a health issue, or an unforeseeable event. For more information please check: irs.gov
TurboTax will show you if your home sale is taxable, by following the instructions provided:
- Open or continue your return in TurboTax
- Search for home sale
- Select the Jump to link in the search results
- Answer Yes to Did you sell or have your home foreclosed in 2022? on the Sale of Your Main Home screen
- Follow the instructions to enter your info
Please check the link below for information on what you can deduct:"
I sold my home, what can I deduct?
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