How do I enter the purchase of a home if we used cash from the sale of our home, i.e. with no 1098 form, no mortgage info?

terryinoregon · ‎January 31, 2022

LeonardS · ‎January 31, 2022

Could you please clarify? Did you sell your main home and purchase a new home and if so did you receive a 1099-S for the sale of your home?

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Carl · ‎January 31, 2022

If you paid for your new primary residence in full with cash, then you have nothing to claim on your tax return. The only deductions you have are any property taxes you paid in 2021 after closing on the sale as a SCH A itemized deduction.

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How do I enter the purchase of a home if we used cash from the sale of our home, i.e. with no 1098 form, no mortgage info?