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Level 1
January 26, 2022
Question

I sold my condo in 2021 and am renting right now. Will my real estate closing document have all the information I need related to the sale?

  • January 26, 2022
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    1 reply

    AmyC
    Level 15
    January 26, 2022

    No, it will only have the sales price. You may have a 1099-S already in your closing paperwork. You may not be receiving one at all.  If it was your main home that you lived in 2 out of 5 years, you may not need to report the house sale at all. See Topic No. 701 Sale of Your Home.

    If you lived in the home less than two years, you may qualify for one of the exceptions. For further information and examples, see IRS Publication 523, Selling Your Home.

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