Profit from sale of our primary home was only 50K. Do we need to be concerned about capitol gains and premier turbotax?

ccbanklady — Sat, 01 Jun 2019 06:47:41 GMT

Did you receive a 1099S when you sold the home? If so, y...

NewGuy — Sat, 01 Jun 2019 06:47:43 GMT

Did you receive a 1099S when you sold the home? If so, you will need to report the sale of your home.

Reporting the SaleIf you receive an informational income-reporting document such as Form 1099-S (PDF), Proceeds From Real Estate Transactions, you must report the sale of the home even if the gain from the sale is excludable.

https://www.irs.gov/taxtopics/tc701.html

topic Profit from sale of our primary home was only 50K. Do we need to be concerned about capitol gains and premier turbotax? in Deductions & credits

Profit from sale of our primary home was only 50K. Do we need to be concerned about capitol gains and premier turbotax?

Did you receive a 1099S when you sold the home? If so, y...