https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-i-sold-my-home-in-2016-does-it-have-any-effect-on-how-i-file/01/81650#M9236 Sat, 01 Jun 2019 03:05:13 GMT tbearrod 2019-06-01T03:05:13Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-i-sold-my-home-in-2016-does-it-have-any-effect-on-how-i-file/01/81650#M9236 Sat, 01 Jun 2019 03:05:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-if-i-sold-my-home-in-2016-does-it-have-any-effect-on-how-i-file/01/81650#M9236 tbearrod 2019-06-01T03:05:13Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-the-sale-doesn-t-necessarily-affect-your-taxes-or-how/01/81656#M9238 <P>No, the sale doesn't necessarily affect your taxes or how you file.</P><P>You don’t have to report the sale of your <B>main home</B> on your tax return <B>unless you have taxable gain of more than $250,000 ($500,000 for married filing jointly) or received form 1099-S.&nbsp;</B> Losses on sale of main home are not reported as they are considered personal and not tax deductible.&nbsp;</P><P> <A href="https://ttlc.intuit.com/replies/3300213" target="_blank">https://ttlc.intuit.com/replies/3300213</A> <BR /> </P> Sat, 01 Jun 2019 03:05:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-the-sale-doesn-t-necessarily-affect-your-taxes-or-how/01/81656#M9238 MargaretL 2019-06-01T03:05:15Z