AmyC
Expert Alumni

Deductions & credits

If the agent knew you were selling your main home and qualify for the exclusion without having a taxable gain, it is not required that the 1099-S be sent. However, if you plan to sell another main home within 2 years, you may want to report this sale -if the other house will have a higher gain.

 

Can you exclude the full amount?

 

 

See Determine whether you need to report the gain from your home. 

@wadestoermer 

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