I bought this principal home on 7/30/10 and on 1/1/2012, I moved to a different state because of changing of employment. In 2012, I rented the home out. In 2017, I sold the house. 1) I didn't receive a 1099-S, sale price is below $250K. Do I need to report this sale on the tax return? 2) If so, Do I qualify for exclusion of the capital gain?
You'll need to sign in or create an account to connect with an expert.
Yes, you will have to enter it as part of the rental property interview. If you lived in the house less than 2 of the last 5 years before selling, it would be a pure rental property sale and would not qualify for an exclusion.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sstromsk
New Member
mcrosby810
New Member
Gina2020
New Member
Mountain Pursuits
New Member
BenedictaIris
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.