Not necessarily. If all of the following apply, you don't need to report it.
- You lived in the home as your
main home for at 2 of the 5 years preceding the sale.
- Your "net" profit
from the sale is less than $250,000 ($500,000 if Married Filing Jointly).
- You didn't take depreciation
deduction on the home or use it for business during the time you owned it.
- You didn't rent it out at any
time that you owned it.
- You didn’t receive a Form
1099-S.
Is the Sale of My Main Home Taxable?
https://ttlc.intuit.com/replies/3300213
