I sold my house in 2018 of july but i had to give the lender what i owed and the rest for me do i have to claim it on my taxes

[Coleen3 · Accepted solution]

No, outstanding debts are not considered in gain or loss. You will compare purchase price or adjusted basis (total of investment) to sales price (minus cost of sale). This will determine gain or loss.

The basis of property you buy is usually its cost. ... Your original basis in property is adjusted (increased or decreased) by certain events. If you make improvements to the property, increase your basis. If you take deductions for depreciation or casualty losses, reduce your basis.

https://www.irs.gov/publications/p551