ThomasM125
Expert Alumni

Deductions & credits

If you had a loss on the sale, you would not need to report it. Otherwise, you would only need to report it if you didn't qualify for the gain exclusion on sale of your primary home or you chose not to take it, for instance if you wanted to use the exclusion on the sale of another home within two years from the sale of this one.

 

You would enter the sale if necessary in the Wages and Income section, then Less Common Income, then Sale of Home (gain or loss)

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