@Caroleg22 wrote:
I am in the same situation. However, I did receive a 1099-S. I bought my house for 150,000 15 years ago and sold the land for 150,000. Do I have to pay capital gains?
If you received a 1099-S, you must report it on your tax return. If not, the IRS will assume it was all taxable and assess tax. However, whether or not there is a taxable gain depends on all the facts and circumstances. You must report the sale and show your calculations on form 8949 and schedule D. See the detailed answer to you other question you posted.
