Solved: I sold one of two homes and moved into the remaining home-making it my primary. Did not reach threshold of 500K do I need Schedule D?

I sold one of two homes and moved into the remaining home-making it my primary. Did not reach threshold of 500K do I need Schedule D?

posted

No, assuming it was your primary home (lived in and owned it for 2 out of the last 5 years), and the gain was less than $500k (assuming you are filing jointly). No need to report the sale.

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No, assuming it was your primary home (lived in and owned it for 2 out of the last 5 years), and the gain was less than $500k (assuming you are filing jointly). No need to report the sale.