Deductions & credits

If this was your primary home, you will report that in the Wages and Income section.

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In general, you will divide the basis, or the amount of money you have in the house, and the sales price by whatever percentage you divided with your partner. However, if you were married and in a community property state, those have additional rules. If this was your second home or your rental property, it will be entered in another area of the return.