topic Do I have to claim the sell of my old primary residence house and buying my new house if I made less than $50,000? Do I even need to enter it into my taxes? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-made-less/01/2851763#M273455 Mon, 23 Feb 2026 13:39:43 GMT nat-jo-jo2012 2026-02-23T13:39:43Z Do I have to claim the sell of my old primary residence house and buying my new house if I made less than $50,000? Do I even need to enter it into my taxes? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-made-less/01/2851763#M273455 Mon, 23 Feb 2026 13:39:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-made-less/01/2851763#M273455 nat-jo-jo2012 2026-02-23T13:39:43Z Re: Do I have to claim the sell of my old primary residence house and buying my new house if I ma... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-ma/01/2851789#M273456 <P>If you have lived in the house you sold for more than 2 years in the last 5 years before you sell it, you are eligible for the capital gain exclusion of $250,000 ($500,000 if you file jointly).</P> <P>&nbsp;</P> <P>If the capital gain is below this threshold, you do not have to report the sale on your tax return, except if you receive a form 1099-S in which case you have to report the sale but the capital gain will be excluded from taxation.</P> <P>&nbsp;</P> <P>Please read this <A href="https://www.irs.gov/taxtopics/tc701#:~:text=If%20you%20have%20a%20capital,Home%20provides%20rules%20and%20worksheets." target="_blank">IRS document</A> for more information.</P> Wed, 01 Feb 2023 22:51:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-ma/01/2851789#M273456 MinhT1 2023-02-01T22:51:36Z Re: Do I have to claim the sell of my old primary residence house and buying my new house if I ma... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-ma/01/2851833#M273463 <P>It only needs to be reported if there was a 1099-S issued at closing ... look in the stack of papers you lugged home from the closing.&nbsp;</P> Wed, 01 Feb 2023 23:02:45 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-have-to-claim-the-sell-of-my-old-primary-residence-house-and-buying-my-new-house-if-i-ma/01/2851833#M273463 Critter-3 2023-02-01T23:02:45Z