PaulaM
Employee Tax Expert

Deductions & credits

If you qualify for the exemption then as AnnetteB6 mentioned, the sale is not reported on your tax return except in the case where you have received a 1099-S form from the closing agency. 

If you receive form 1099-S, include the sale under investments even though you have no taxable gain. See this FAQ to check your eligibility. 

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