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New Member
posted Jun 4, 2019 1:29:49 PM

I received a 1099-s from title company that handled the sale of my primary residence, do I have to report this on my tax return?

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1 Replies
Expert Alumni
Jun 4, 2019 1:29:51 PM

Yes, you must report the sale of your main home on your tax return. Note that since this was your primary residence, you may be able to exclude up to $250,000 of the gain ($500,000 if you are filing jointly).

The TurboTax FAQ below provides more information, including how to report this sale in TurboTax.

https://ttlc.intuit.com/replies/3300213