Sold 13 year home. Building new home. No gain just roll-over where how to report?

gregtalen · ‎June 6, 2019

DanielV01 · ‎June 6, 2019

It depends. If it was your main home you have nothing to report, since, even if you had a gain, up to 250,000 of gain is not included in taxable income (up to 500,000 if Married Filing Joint). If it was your second home or a rental, please see the following FAQs:

Sale of second home: https://ttlc.intuit.com/replies/4241480

Sale of rental home: https://ttlc.intuit.com/replies/3388350

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View solution in original post

DanielV01 · ‎June 6, 2019

It depends. If it was your main home you have nothing to report, since, even if you had a gain, up to 250,000 of gain is not included in taxable income (up to 500,000 if Married Filing Joint). If it was your second home or a rental, please see the following FAQs:

Sale of second home: https://ttlc.intuit.com/replies/4241480

Sale of rental home: https://ttlc.intuit.com/replies/3388350

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Sold 13 year home. Building new home. No gain just roll-over where how to report?