topic We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those? in Deductions & credits

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

lwiles — Thu, 06 Jun 2019 09:40:46 GMT

We used the profit to by an RV, can we deduct any of that?

What specifically did you sell? Primary residence? 2nd ho...

Carl — Thu, 06 Jun 2019 09:40:48 GMT

What specifically did you sell? Primary residence? 2nd home? Or rental property?

Primary residence

lwiles — Thu, 06 Jun 2019 09:40:49 GMT

Primary residence

It's reported under the Wages & Income tab in the Less Co...

Carl — Thu, 06 Jun 2019 09:40:51 GMT

It's reported under the Wages & Income tab in the Less Common Income section. There's a sub-section under that heading titled "Sale of Home (Gain or Loss)"

thank you!

lwiles — Thu, 06 Jun 2019 09:40:52 GMT

thank you!

so I see that I only have to report capital gains on a 50...

lwiles — Thu, 06 Jun 2019 09:40:54 GMT

so I see that I only have to report capital gains on a 500k profit. I came nowhere near that, do I still have to report the sale of the house?

Only if you received a 1099-S reporting any gross proceed...

Carl — Thu, 06 Jun 2019 09:40:55 GMT

Only if you received a 1099-S reporting any gross proceeds distributed to you. If you received a 1099-S, then the reporting of the sale is required, no matter what.

I did not receive a 1099-S. I will skip that, thank you a...

lwiles — Thu, 06 Jun 2019 09:40:57 GMT

I did not receive a 1099-S. I will skip that, thank you again for your help!