I sold my home in 2017 and did not buy another, is this a capital gain and were do I claim it on my taxes ?

[Zbucklyo · Accepted solution]

If this was your personal residence, you may or may not have a taxable capital gain.  If the property was your primary residence for two of the past five years prior to the sale and was never a rental, you most likely qualify for a capital gain exclusion of $250000 (or $500000 if married filing jointly).

If you excluded another primary residence within two years prior to the sale, you can't claim the exclusion on this sale.

Gains over the exclusion amount are taxable as capital gains.  If you did no receive a 1099-s from the sale, and do mon have a taxable gain, you don't need to report the sale on your tax return.

By the way 18 months has nothing to do with anything.

[jackandbarbhill]

You have 18 months to purchase another home or pay capital gain.

[gdisj]

Were do I enter the gain on my taxes ?