I sold my house and did not receive a 1099-S. I only have the HUD-1 Settlement Statement. Turbo is asking for info from the 1099-S
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If you sold your main you may not have to report it on your return.
You do not pay taxes on the first $250,000 (also known as a gain) you make from the sale of your home. If you file jointly, you do not pay taxes on the first $500,000.
That income is free and clear as long as:
If all of the conditions apply, you do not have to report the sale on your income tax return.
for the $500K exclusion either can own for the 2 out of 5 years but both must have occupied it 2 out 5 years and neither spouse could have excluded a gain on sale of their home in the last 2 years.
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