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kkidby
Returning Member

I sold my home (primary/sole) in 2018 for < $250,000. I have not received a 1099s. Should I have? Do I need to report that I sold it?

 
1 Reply
MinhT
Expert Alumni

I sold my home (primary/sole) in 2018 for < $250,000. I have not received a 1099s. Should I have? Do I need to report that I sold it?

If you have owned your home and lived in it for at least 2 years in the last 5 years prior to the sale, your capital gains are excluded for up to $250,000 ($500,000 if filing jointly with your spouse).

If you have not received a form 1099-S, you do not need to report the sale if you qualify for the exclusion.

Please read this IRS document:

https://www.irs.gov/taxtopics/tc701

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