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Yes I would report the sale. Turbotax has a home sale worksheet that should be used to report the sale properly. The IRS will get a 1099-S. it will not know if any portion is taxable. Your partial exclusion should eliminate any taxable amount but the IRS won't know this unless you file. Your other option is to file nothing and wait to see if the IRS sends you a notice
Since this was a work related move you would be eligible for a partial exclusion on the gain from the sale.
Assuming you are married filing jointly and both of you lived in the home for the 18 months prior to the sale your exclusion is $500,000 * 18/24 = $375,000. Since your gain is under the maximum exclusion you do not have to report the sale on a tax return.
However, if you received a Form 1099-S for the sale then it has to be reported on your tax return. But there will not be any gain entered on the return so will not affect your AGI in any way.
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