MarilynG1
Expert Alumni

Deductions & credits

You don't need to enter the sale of your main home in your tax return, unless you had a capital gain of over 250K on the sale.

 

If you know the Basis of your Home on the Sale Date (what you paid for it, plus value of Improvements), add Sales Expenses to that, and subtract from Proceeds.

 

Here's more info on the Home Sale Exclusion

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"