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Mistake on question I just posted

Sorry, I MEANT t to say: I had NO reportable INCOME IN 2022.

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3 Replies

Mistake on question I just posted

Please try again.   First you asked about reporting the sale of a house in 2023 and mentioned 2020.  Now you are saying you had no income for 2022.  When did you sell the house?

 

 

Your previous post:

Do I need to make a quarterly tax payment if I sold my house in July of 2023 but had no reportable i...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Mistake on question I just posted

If your "tax" was zero in 2022, not your income, then you don't have to make estimated tax payments.

you will pay all tax due on or before April 15, 2024.

 

You should pay something to reduce the chance of no money available in April.

@mountainbluebird 

Mistake on question I just posted

SALE OF HOUSE

 

If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)

If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).

  • If you are using online TT, you need Premier or Self-Employed software to report the 1099-S
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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