The closing agent may or may not issue you a 1099-S. If they do, then you have to enter it, whether or not you owe any tax on the gain. If they don't send you a form and your gain is below the threshold, then you do not have to enter anything.
The closing agent has no idea what your exemption is or whether or not you owe tax on gain on the sale.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
