So basically the escrow form if filled to be all true will yield no gains from the sale, ie no 1099s generated. Any other cases, including using the 121 exclusions or any loopholes will need to be dealth with in normal tax return season with the 1099s attached. Did i get it right?
we rented the house briefly just prior to sale, and there is a nonqualified loophole that says it is excluded since we lived there prior to renting, but the escrow form simply said "any" rental or business use, therefore the confusion.
