dvzar
New Member

Sale of main Home

I am married and age 72.  We sold our main home after 18 years and made around $100,000.00 profit.  Do we have to show this snice the profit is under $500.000.00?

When I check the "learn more" tab, it looks like we are except from reporting it.

We are filing a joint return.  We bought a retirement home.

Thanks