3106051
Sorry, I MEANT t to say: I had NO reportable INCOME IN 2022.
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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:
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.
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).
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