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gama2006
New Member

Sale of primary home

I sold my primary home during 2016. As it was located abroad I was not given any 1099 form for this. I am not obliged to pay taxes since I lived two of the last five years there.  Turbotax offers two options: a) To include this operation in my tax return as "additional information" or b) To exclude any reference of this in my tax return. My question is: What of this options increases more the probability that the IRS picks my tax return for audit? My bank accounts shows clearly the proceeds of this sale.
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1 Best answer

Accepted Solutions
bwa
Alumni
Alumni

Sale of primary home

Exclude any reference.  It's not required to be reported and the chances of the IRS even looking at it with a Form 1099-S are slim to nothing.

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1 Reply
bwa
Alumni
Alumni

Sale of primary home

Exclude any reference.  It's not required to be reported and the chances of the IRS even looking at it with a Form 1099-S are slim to nothing.

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